Last Updated on September 4, 2019 by RetiredAndAngry
It’s not necessary to be Angry also.
Were you a Police Officer or Firefighter?
Did you retire between 1998 and 2007?
If the answer to the previous 2 questions is NO, you might as well stop reading now, this is not really for you.
If the answer is YES, or you know somebody it might apply to, then you might want to carry on reading.
It seems that, unbelievable as it might be, the government and their lackeys may have screwed up your pension, more specifically, the commutation element.
I don’t pretend to understand all things pension, but I know a man who does, or at least he seems to. There is already a current campaign to right this particular wrong which I believe is spearheaded by the FBU. It has already resulted in Early Day Motion 768 meaning that the issue might now get debated.
A Facebook Group has been set up for people who may be affected and currently has over 1,000 members and rising rapidly.
What is the basic issue?
Many thousands of police officers and firefighters who took their pension and commuted part of it for cash from 1998 to 2007 had out of date values applied to the calculation of their lump sum. No revision of the commutation factors took place
during that period. The issue is that this resulted in lower payments than should have been the case as longer life expectancy and other factors were increasing ‘actuarial’ values over that period.
In 2008 new tables were announced. These were applied and later backdated to retirement dates in 2006.
For much more, and certainly more comprehensive, information read the FAQ Document here.
I can only emplore you to write to your MP and ask them to support the Early Day Motion. If they won’t do that, ask them to write to Theresa May or Penny Mordaunt and ask them to rectify this wrong.
If you do Facebook, head on over to the Police and Fire Service Fairer Commutation Campaign Group and ask to be added, or discretely drop me your email address by DM,or whatever, and I will send you an invite to join.
If the campaign is successful it could be worth thousands of £ for those who are affected, and please pass this info on to anyone else you know who might be one of the affected ones.
I have been informed that whilst the FBU are representing their retired members the Police Federation of England and Wales are not representing retired Police Officers in this matter, because they are retired, currently paying no subs and are no longer members. I cannot vouch for this personally, but I would welcome the truth if anyone knows it.