# Pensions

## Police Full Time Pension Examples

## First opportunity to take any benefits – Age 50 (27 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £23,500 per annum | Reduced pension of £17,625 per annum (Lump sum = £52,875) |
Benefits deferred to age 67 (Estimated pension = £3,600 per annum) |

## Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £24,700 per annum | Reduced pension of £18,525 per annum (Lump sum = £130,910) |
Benefits deferred to age 67 (Estimated pension = £5,800 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £24,700 per annum | Reduced pension of £18,525 per annum (Lump sum = £126,587) |
Estimated pension = £8,685 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £24,700 per annum | Reduced pension of £18,525 per annum (Lump sum = £114,855) |
Estimated pension = £15,421 per annum |

## First opportunity to take any benefits – Age 50 (27 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £15,600 per annum | Reduced pension of £11,700 per annum (Lump sum = £35,100) |
Benefits deferred to age 67 (Estimated pension = £7,200 per annum) |

## Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £16,600 per annum | Reduced pension of £12,450 per annum (Lump sum = £87,150) |
Benefits deferred to age 67 (Estimated pension = £9,500 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £16,800 per annum | Reduced pension of £12,600 per annum (Lump sum = £86,100) |
Estimated pension = £15,602 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £16,800 per annum | Reduced pension of £12,600 per annum (Lump sum = £78,120) |
Estimated pension = £25,566 per annum |

## First opportunity to take any benefits – Age 50 (26+ years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £17,400 per annum | Reduced pension of £13,050 per annum (Lump sum = £41,400) |
benefits deferred to age 67 (Estimated pension = £3,300 per annum) |

## Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £18,400 per annum | Reduced pension of £13,800 per annum (Lump sum = £98,900) |
benefits deferred to age 67 (Estimated pension = £5,100 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £18,600 per annum | Reduced pension of £13,950 per annum (Lump sum = £95,325) |
Estimated pension = £8,685 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £18,600 per annum | Reduced pension of £13,950 per annum (Lump sum = £86,490) |
Estimated pension = £15,421 per annum |

## First opportunity to take any benefits – Age 50 (25 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £10,800 per annum | Reduced pension of £8,100 per annum (Lump sum = £24,300) |
Benefits deferred to age 67 (Estimated pension = £6,100 per annum) |

## All benefits available – Age 55 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £11,900 per annum | Reduced pension of £8,925 per annum (Lump sum = £60,987) |
Estimated pension = £13,063 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £11,900 per annum | Reduced pension of £8,925 per annum (Lump sum = £55,335) |
Estimated pension = £21,407 per annum |

## First opportunity to take any benefits – Age 49 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £11,700 per annum | Reduced pension of £8,775 per annum (Lump sum = £65,227) |
Benefits deferred to age 67 (Estimated pension = £8,100 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £11,700 per annum | Reduced pension of £8,775 per annum (Lump sum = £59,962) |
Estimated pension = £x per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £11,700 per annum | Reduced pension of £8,775 per annum (Lump sum = £54,405) |
Estimated pension = £28,535 per annum |

## Notice he is divorced – is there a pension share applying

Option 1 |
Option 2 |
CARE 2015 |

Pension = £19,600 per annum | Reduced pension of £14,700 per annum (Lump sum = £44,100) |
Benefits deferred to age 67 (Estimated pension = £2,400 per annum) |

## Second opportunity to take any benefits – Age 51 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £19,900 per annum | Reduced pension of £14,925 per annum (Lump sum = £108,455) |
Benefits deferred to age 67 (Estimated pension = £2,900 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £19,900 per annum | Reduced pension of £14,925 per annum (Lump sum = £101,987) |
Estimated pension = £8,554 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £19,900 per annum | Reduced pension of £14,925 per annum (Lump sum = £92,535) |
Estimated pension = £14,112 per annum |

## First opportunity to take any benefits – Age 50 (25 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £14,400 per annum | Reduced pension of £10,800 per annum (Lump sum = £32,400) |
Benefits deferred to age 67 (Estimated pension = £4,800 per annum) |

## Second opportunity to take any benefits – Age 52 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £14,800 per annum | Reduced pension of £11,100 per annumLump sum = £79,950 | Benefits deferred to age 67 (Estimated pension = £5,900 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £14,800 per annum | Reduced pension of £11,100 per annum (Lump sum = £75,850) |
Estimated pension = £9,979 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £14,800 per annum | Reduced pension of £11,100 per annum (Lump sum = £68,820) |
Estimated pension = £16,797 per annum |

## First opportunity to take any benefits – Age 50 (25 + years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £7,700 per annum | Reduced pension of £5,775 per annum (Lump sum = £17,325) |
Benefits deferred to age 67 (Estimated pension = £5,400 per annum) |

## Age 56 (First opportunity to take ALL benefits – 30 years service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £8,600 per annum | Reduced pension of £6,450 per annum (Lump sum = £43,430) |
Estimated pension = £12,482 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £8,600 per annum | Reduced pension of £6,450 per annum (Lump sum = £39,990) |
Estimated pension = £18,310 per annum |

## Police Part Time Pension Examples

33.33/40 x 1 year 200 days and 34.33/40 x 1 year 243 days and Full time – 13 years 194 days Transfer in – 126 days

## First opportunity to take any benefits – Age 50 (27 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £13,000 per annum | Reduced pension of £9,750 per annum (Lump sum = £29,250) |
Benefits deferred to age 67 (Estimated pension = £3,200 per annum) |

## Second opportunity to take any benefits – Age 53 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £13,800 per annum | Reduced pension of £10,350 per annum (Lump sum = £73,140) |
Benefits deferred to age 67 (Estimated pension = £4,600 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £13,900 per annum | Reduced pension of £10,425 per annum (Lump sum = £71,237) |
Estimated pension = £7,684 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £13,900 per annum | Reduced pension of £10,425 per annum (Lump sum = £64,635) |
Estimated pension = £13,374 per annum |

Part time – 32/40 x 6 year 224 days and 35.75/40 x 240 days and Full time – 11 years 158 days

## First opportunity to take any benefits – Age 50 (28 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £15,100 per annum | Reduced pension of £11,325 per annum (Lump sum = £30,365) |
Benefits deferred to age 67 (Estimated pension = £1,700 per annum) |

## Second opportunity to take any benefits – Age 52 (30 years’ service)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £15,700 per annum | Reduced pension of £11,775 per annum (Lump sum = £84,387) |
Benefits deferred to age 67 (Estimated pension = £2,600 per annum) |

## Age 55 (First opportunity to take ALL benefits)

Option 1 |
Option 2 |
CARE 2015 |

Pension = £15,700 per annum | Reduced pension of £11,775 per annum (Lump sum = £80,462) |
Estimated pension = £6,603 per annum |

## Age 60

Option 1 |
Option 2 |
CARE 2015 |

Pension = £15,700 per annum | Reduced pension of £11,775 per annum (Lump sum = £73,005) |
Estimated pension = £11,996 per annum |