Depends on the scheme. NFPS is for people who stated from April 2006.
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How many sections are there?
Two. There is the 1992 Firefighters' Pension Scheme (FPS), which has been closed to new entrants since 5 April 2006, and the New Firefighters' Pension scheme (NFPS).
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What percentage of salary do employees and employers pay?
In the FPS employees pay 11% of salaries and employers pay about 24.4%.
The retirement age has been raised to 60 for new recruits since 2006
In the NFPS employees pay 8.5% of salaries and employers pay about 11.8%.
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Overview of the offer
Following extended constructive discussions with the firefighter unions, the Department for Communities and Local Government has published a Heads of Agreement on the core parameters for reforms to the firefighters’ pension scheme.
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The contents of this document relate to the Heads of Agreement that was published on 9 February.
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flexible retirement from the scheme’s minimum pension age of 55, built around the scheme’s Normal Pension Age of 60
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the Normal Pension Age will be subject to a regular review, which will consider if the Normal Pension Age of 60 remains relevant and will take full account of the economical, efficient and effective management of the fire service including the challenging occupational demands of operational firefighting and the changing profile of the workforce
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members who retire later than the scheme’s Normal Pension Age will have their pension enhanced to recognise that the pension is taken later
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The retirement age is to be based around 60, but could be from 55(reduced pension).
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Q7. What is the Normal Pension Age in the 2015 scheme, does this mean I now have to retire at 60?
The Normal Pension Age in the 2015 scheme is age 60, in line with the current Normal Pension Age in the New Firefighters’ Pension Scheme 2006. However, firefighters will be able to start to draw their pension upon retirement after reaching minimum pension age (55) with a reduction.
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So the retirement age of 60 was set in 2006. Who was in government then?