The New Police Pension Scheme is a Public Sector Pension Scheme governed by rules made under the Superannuation Act 1972.
The Scheme is available to entrants to the Police Service from 6th April, 2006 and any members of the (old) Police Pensions Scheme who transfer to the new scheme.
The Scheme offers a wide range of quality benefits that have been tailored to the demands of the Service over a long number of years. Because of these high standards the Scheme has been allowed to contract out of the Second State Pension. As a result, both Officers and Police Authorities pay a lower rate of National Insurance than non-scheme members.
In Scotland, it is the responsibility of the Scottish Ministers to amend the rules of the Scheme. When it is necessary to change the Scheme rules this is done by the Scottish Ministers after consultation with Employee and Employer Organisations.
The Scheme is also a Registered Pension Scheme for tax purposes, which means that members get tax relief on their contributions and lump sum benefits.