Govt estimates additional police pension costs at £316m

The government has estimated the additional costs to police pensions from employer contributions will total £316m in 2020/21.

The increase will come due to changes resulting from the quadrennial valuation of public service pension schemes.

In an answer to a parliamentary written question, Conservative MP for North West Hampshire and Minister of State for Crime, Policing and the Fire Service, Kit Malthouse, said: “The additional cost to policing in 2020-2021 of employer contributions to police pensions is currently estimated to be £316m.”

He noted that the proposed 2020/21 police funding settlement will increase funding by £1.1bn to £15.2bn.

Malthouse continued: "This includes general government grant funding, pensions grant, council tax precept and investment in national priorities.

“This substantial increase in funding will enable forces to meet their genuine financial pressures as well as to invest in the recruitment of additional officers.

“Decisions on funding for future years are a matter for the next Spending Review.”

In the previous financial year (2019/20) the government committed an additional £153m to meet increased pension costs.

The pension costs in 2019/20 were estimated to hit £329, almost double the £176m outlined in the 2016 Budget.

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