UK - Police officers may be allowed to carry on working while drawing their pension if a pilot study to retain personnel proves successful.
West Midlands officers with at least 30 years’ experience have been invited to rejoin the force after retirement as part of a Home Office study.
If the move proves successful, the government will make the offer available to officers nationwide.
This would enable police forces to cut their costs by allowing constables and sergeants to rejoin the force, while drawing a commuted pension.
Officers would be paid enough to take their total package back to pre-retirement levels, although they will not be able to accrue any further benefits.
Officers will, though, be able to take out a personal pension. They will also be able to rejoin the service on a part-time basis, with their pensions only slightly reduced.
Potential changes to accounting standards and increased pressure on companies to accelerate contributions could worsen FTSE 100 scheme funding by up to £100bn, according to Lane Clark and Peacock (LCP).
Smart Pension has taken on over 20,000 active members from the £20m Corpad Master Trust, following a strategic review by the ceding firm's trustees.
The Universities Superannuation Scheme (USS) allegedly obstructed a whistleblower as she tried to discover the true value of the deficit in its defined benefit (DB) section, according to reports.
The Cost Transparency Initiative (CTI) has launched a number of templates and guidance to help pension schemes deliver greater value for savers with enhanced disclosure of transaction cost information.