The Police Pension Scheme is a Public Sector Pension Scheme governed by rules made under the Superannuation Act 1972. The Scheme is closed to new entrants from 6th April, 2006. Entrants to the Police Service from that date will be offered membership in the New Police Pension 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 (previously the State Earnings Related Pension Scheme - SERPS). 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.