Impact of police pension increase to be assessed in May

The government will fully assess the impact of the changes to police officer pensions will have force on budgets, once the Police Remuneration Review Body has submitted its recommendations in May, it has revealed.

Last week the government earmarked £329m to meet increased pension costs for next year, up from the £176m outlined in the 2016 Budget.

According to Hurd, the new agreed settlement covers the additional cost above £165m for the police officer scheme and the £11m for police staff, after technical changes of how the actuarial estimate was calculated put the updated figures at £302m for the police officer scheme and a further £27m for police staff.

Responding to a written question on Friday, 18 January, The Minister for Policing and the Fire Service, Nick Hurd, said: “The government has worked closely with policing stakeholders to understand the impact that changes to police officer pensions will have on their budgets in 2019/20 and beyond.”

“This substantial increase will enable forces to meet their genuine financial pressures as well as to invest in key capabilities.”

The government first confirmed the increase in police funding on 13 December 2018, in which it earmarked an extra £970m for the 2019 to 2020 budget.

In November 2018, Prime Minister Theresa May promised that the Home Secretary, Sajid Javid, was working closely with the police to understand the impact of the pension changes, after police chiefs threatened legal action against the government.

The announcement came after National Police Chief Counsel chair, Sara Thornton, said that the changes mean that forces in England and Wales may need to find an extra £417m by 2020/21, equivalent to 10,000 officers.

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