Police Pensions (Amendment No.3) Regulations 2012 come into force
Implementation date: 1 January 2013
The Regulations implement a recommendation in the Independent Review of Police Officer and Staff Remuneration and Conditions to introduce a voluntary redundancy scheme for police officers. They allow a police officer to elect to receive a deferred pension from the age of 55, and provide that, where a police officer receives a compensation lump sum on voluntary early retirement, he or she will be able to use it to buy out the actuarial reduction in the pension. The Regulations also implement the pensions auto-enrolment provisions in relation to police officers. The Regulations can be viewed on the UK legislation website.