Home Office introduces trial benefit scheme
UK - Police officers with 30 or more years service are to gain access to a trial phased-in retirement local authority scheme introduced by the Home Office.
The move is an attempt to retain experienced staff, rather than see them opt for full retirement.
Those interested in taking part will be required to apply for selection and if chosen, will be given a tax-free retirement lump sum, followed by reappointment at their former pay level with access to a personal pension.
The scheme will be piloted in Avon and Somerset, Metropolitan Police Service, North Wales, West Mercia and West Midlands.
According to the Home Office, the scheme will ease possible recruitment shortfalls and help police numbers rise while retaining “much needed skills and experience in the service”.
The announcement follows vocal support for phased-in retirement from the work and pensions secretary Andrew Smith and the NAPF.
Current pensions regulations mean employees taking pension benefits from an occupational pension scheme are prohibited from continuing to work for that employer in the same capacity.
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