A Certain Person’s Pension
Last Updated on September 12, 2012 by RetiredAndAngry
I can’t possibly write the full answer to the question in 140 characters and Tweet Longer isn’t necessarily the best solution, so I have decided upon a short, to-the-point extra-ordinary blog. Here is the information regarding the new Chief Inspector HMIC. As you will see it is written in a way that suggests it was formulated before the selection process was complete. And I quote:-
Contract — The appointment is for a fixed—term of three years, with the option of extending it for a further two years subject to satisfactory performance and Ministerial approval.
Remuneration — The salary scale for the appointment is £195,000 to £199,995, and will be determined upon appointment. No allowances will be paid.
Working hours — The normal hours of work are based on a five day week of 36 hours, excluding meal breaks.
Location — The post is in London although there is a requirement to travel across the UK.
Annual leave — The annual leave allowance will be 30 days per year. In addition, the postholder will receive 8 days bank and public holidays and two and a half privilege days, which are to be taken at specific times of the year.
Pension — The appointment will be pensionable from the outset.
- Serving police officers will be able to continue contributing to the Police Pension Scheme (PPS) for the duration of this appointment as the post falls within the scope of the scheme (Police Pensions Act 1976). This abates the pension of retiring/retired police officers.
- Those who are not serving police officers will be able to join the Civil Service pension scheme. This offers a choice of a career average or stakeholder pension, giving you the flexibility to choose the pension that suits you best. The alternatives are:
— Nuvos — A high quality, index—linked defined benefit pension scheme, payable at 65, that currently has a 3.5% member contribution rate. We also make contributions and meet the bulk cost of the scheme.
— Partnership Pension Account — This pension account provides a way of saving for retirement. The department will make contributions to a stakeholder pension, which is a form of personal pension. The departmental contribution will vary according to your age at the beginning of the tax year. You may decide how much you want to contribute, but you do not have to contribute anything. If you do contribute, the department will match your contributions up to a maximum of 3% of pensionable earnings.
- If you previously worked for an employer who participated in the Civil Service Pension Scheme, different conditions may apply, as may your benefits if you left the Civil Service with an early retirement, severance, or redundancy package. Additional details can be found on the website: www.civilservice—pensions.gov.uk. Further information about these schemes will also be made available on appointment.
- Abatement of pension may apply if you are in receipt of a public service pension. In addition, civil servants who have been granted early retirement (under the terms of the Compulsory Early Retirement, Compulsory Early Severance, Flexible Early Retirement or Flexible Early Severance schemes) may be required to repay all or part of their lump sum compensation payments if their re—employment commences during the period represented by the compensation payment.