care about your future

We work hard to avoid using jargon in all our communications with you but some terms are unavoidable. These are explained here. We’ve also included some terms which we try not to use but you will often see in communications about pensions in general. If there are any terms you don’t understand but which aren’t explained here, please let us know using the Contact Us tab.

HMRC

This is HM Revenue & Customs

Normal pension age (NPA)

The age at which you can retire from the scheme and have the full value of your pension paid. This is age 60 in the new scheme.

Pensioner re-employment

If you return to work after accessing your pension you must inform SPPA, as this may have an effect on the benefits payable to you.

Protection

Police 1987 members – If, on 1 April 2012, you were paying into the Police 1987 scheme and you were;

  • age 45 or older; or
  • aged 38 or older and within 10 years of receiving a maximum unreduced pension

You will stay in the Police 1987 scheme and not join the Police 2015 scheme.

Police 2006 members – If you were an active member on 1 April 2012 and on that date you were aged 45 or older, you will stay in the Police 2006 scheme and not join the Police 2015 scheme.

Tapered protection

Tapered protection means that you do not join the Police 2015 scheme on 1 April 2015. Instead, you will continue to earn benefits in your current scheme before eventually joining the Police 2015 scheme at a later date.

You qualify for tapered protection if you are within four years of qualifying for full protection.

Retirement factors

These factors are applied to your pension if you take it at a date other than your normal pension age. They will reduce your pension if you take it early and increase it if you take it late. 

Yield

The overall level of your contributions as a percentage of payroll required by HM Treasury which when added to the employers contribution will meet the liabilities of the scheme.