Fire Services: Pensions

Communities and Local Government written question – answered on 9th September 2013.

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Photo of Stephen Gilbert Stephen Gilbert Liberal Democrat, St Austell and Newquay

To ask the Secretary of State for Communities and Local Government if he will calculate by how much, under the proposed Fire Fighters' Pension Scheme: Proposed Final Agreement, a fire fighter in the (a) 1992 pension scheme, (b) 2006 scheme and (c) 2015 scheme would have their total pension reduced at an actuarially reduced rate of 5% if they retired at age 55 on 1 January (i) 2015, (ii) 2016, (iii) 2017, (iv) 2018, (v) 2019, (vi) 2020, (vii) 2021 and (viii) 2022.

Photo of Brandon Lewis Brandon Lewis The Parliamentary Under-Secretary for Communities and Local Government

holding answer 18 July 2013

The Government has listened carefully to firefighters’ concerns and tabled a generous pension offer, which includes enhanced arrangements for firefighters retiring from age 55. A member of the Firefighters' Pension Scheme 2015 or the New Firefighters' Pension Scheme 2006 who chose to retire at age 55 would have their pension actuarially reduced in accordance with factors issued by the scheme actuary. A member of the Firefighters' Pension Scheme 1992 taking their pension at age 55 would not have their 1992 scheme pension actuarially reduced.

The current factors applicable for the New Firefighters' Pension Scheme 2006 are contained in New Firefighters' Pension Scheme Early Retirement Factors issued on 4 July 2011 by the Government Actuary's Department. No such factors have been issued by the Government Actuary's Department for the Firefighters' Pension Scheme 2015, although indicative factors can be found at:

https://www.gov.uk/government/publications/firefighters-pension-scheme-reforms-pension-scheme-calculator

A copy of this document can be found in the Library of the House.

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