Fire and Rescue Services: Pensions

(asked on 8th July 2015) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Communities and Local Government, when he plans to publish the revised commutation factors for the firefighters pension scheme.


Answered by
Mark Francois Portrait
Mark Francois
This question was answered on 14th July 2015

The Government accepts in full the Pension Ombudsman’s recent determination regarding commutation factors used to calculate lump sum payments for certain firefighters and police officers. It also recognises that there are other individuals who are affected by the principles set out in this determination, and is working with pension administrators to identify these and ensure that appropriate payments are made as quickly as possible. The Government Actuary’s Department is preparing detailed guidance for administrators to aid them in calculating the amounts owed. They intend to issue this guidance, as well as tables of revised commutation factors, to administrators in the near future. At this point, they will also be made available online.

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