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Following the most recent valuation of the police pension schemes, the additional cost to policing in 2020-21 of employer contributions to police pensions is currently estimated to be £316 million.
The 2020-21 police funding settlement will increase funding available to the policing system by £1.1 billion next year. This includes general Government grant funding, pensions grant, council tax precept and investment in national priorities, and is the biggest funding increase in a decade. This substantial increase in funding will enable forces to meet their financial pressures as well as to invest in the recruitment of additional officers.
The written ministerial statement on the settlement, including details of the proposed pensions grant, can be accessed at: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2020-01-22/HCWS51/