The Home Office has launched the formal consultation on the amendments to the Police Pension Scheme (England and Wales) Regulations 2015.
The consultation will run for ten weeks and close on 29 January 2025 and can be accessed here - Firefighters Pensions: member contribution structure - GOV.UK (www.gov.uk)
The consultation will look at the changes required to achieve the target member contribution yield which includes:
-
• achieve the target yield over 1 October 2025 to 31 March 2027, and future valuation periods
• update the member contribution structure to encourage scheme participation and reduce opt-outs
• ensure the member contribution structure is administratively sustainable
• ensure due regard to the Public Sector Equality Duty