PARLIAMENTARY WRITTEN QUESTION
(21 January 2025)
Question Asked
Asked by:
Matt Bishop (Labour)
Answer
There are many differences between the 2015 CARE police pension scheme and the legacy police pension schemes, including the age at which benefits can normally be drawn. The main public service pension schemes – including the police pension schemes – were reformed following the recommendations of the Independent Public Service Pensions Commission.
The 2015 scheme offers valuable pensions, improves affordability and sustainability, and is fairer to lower and middle earners. It is backed by the taxpayer, index-linked, and offers guaranteed benefits on retirement.
There are also valuable protections for the benefits that members have accrued in their legacy schemes, including the point at which they can draw benefits.
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