Firefighter Pension Scheme 1992 (FPS)
A final salary scheme open to regular firefighters until April 2006 when it became closed to new members.
New Firefighter Pension Scheme 2006 (NFPS)
A final salary scheme, introduced in April 2006, open to regular firefighters. This scheme will be closed to new members upon the introduction of the new Firefighter Pension Scheme 2015.
Firefighter Pension Scheme 2015
A new Career Average Revalued Earnings (CARE) scheme will be introduced for firefighters from April 2015, when it is expected that employer contributions will increase as more elements of pay are likely to become pensionable.
Local Government Pension Scheme (LGPS)
A final salary scheme open to all employees other than regular firefighters.
Local Government Pension Scheme 2014
A new Career Average Revalued Earnings (CARE) scheme will be introduced for LGPS members from April 2014, when it is expected that employer contributions will increase as more elements of pay are likely to become pensionable.
Norman v Cheshire FRA
This recent legal case found that day crewed employees should have access to the FPS in relation to the retained elements of their contracts. Members agreed to set aside £700k in an earmarked reserve to meet the potential employer’s liability cost that may arise as a result of allowing back-dated membership to the Scheme.
Part-time workers case
Settlement of the Part Time Workers (Prevention of Less Favourable Treatment) Regulations claim gave retained firefighters certain pension rights previously denied to them. It is proposed that access to pension rights will be achieved through the introduction of a modified section of the 2006 scheme, back-dated to 2000 when the Part Time Workers Regulations commenced. Whilst there will be no immediate budget implications in terms of employer contributions to the scheme, it is expected that additional liabilities will be picked up in a future Actuarial valuation of the scheme.
Introduced under the Pension Act 2008, auto-enrolment applied to this Authority from August 2013, but advantage has been taken of transitional arrangements allowing deferral of the requirement to automatically enrol staff into pension schemes until 2017, therefore no additional employer costs are anticipated until 2017/18.
Employer pension contributions