JavaScript is required for the best user experience. Without it you will experience limited functionality. Police pension calculator. Revision - 18 December How to calculate your benefits To estimate the value of your Scottish Police pension scheme benefits on any retirement date selected by you, just download our handy calculator. Protect The Protectors. Guide to police regs. Working for you. Pension FAQs.
November Twitter Follow Dorset PoliceFed for latest updates. Reps Log into the dedicated reps' area. Members Log into the dedicated national members' area. Use the links for details of the applicable increases: How index linking works Inflation and price indices Pension Increase Multiplier Tables.
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Normal retirement benefit: the amount of pension benefits payable to members who retire with 20 years of service on or after age This amount is equal to 50 percent of the non-probationary police officer salary in effect when the member retires. Disability: due to sickness or accidental bodily injury, the employee is unable to perform all of the material and substantial duties of their occupation for a period not to exceed 12 months. Thereafter, disability applies when the individual is unable to perform all of the material and substantial duties of their own occupation or any other occupation for which they are reasonably fitted by training, education, experience, age, physical and mental capacity.
Vested: after 10 years of creditable service, a member is vested, or entitled to draw a pension benefit after reaching the age of Gainful employment: working 40 hours per week in an occupation for which earnings are at least at the federal minimum wage level. Formal documentation of earnings must be submitted, such as pay stubs or W-2 forms. Quick Links Search. Search Loading. Eligibility All regular, full-time police officers and firefighters are required to participate in the plan upon employment.
Service Credit Service credit is awarded based on years and months of service as a Purdue police officer or firefighter. Benefits There are three benefit provisions to the program; 1 supplemental pension plan , 2 a supplemental disability plan , and 3 survivor income benefits. Supplemental Pension Benefits The purpose of the pension benefits is to provide retirement benefits, which would allow members to retire from these professions and pursue other career opportunities.
Some specific provisions relating to the pension benefits are: The purpose of the supplemental pension benefit is to provide retirement benefits, which would allow members to retire from these professions and pursue other career opportunities.
A member is eligible to receive normal retirement benefits under this plan after completing 20 years of service and attainment of age Survivor Benefits Member not Eligible for a Retirement Pension If a member dies before becoming eligible for a pension benefit younger than age 55 or fewer than 10 years of creditable service , a survivor benefit is payable through an insurance type program.
Survivor benefits will be provided to the spouse for life and dependent children to age The survivor's benefits are paid in addition to those available from the University's basic and optional term life insurance program. Social Security benefits may also be available.
Survivor Benefit: Member Eligible for a Pension If a member dies who is over the age of 55 with 10 or more years of creditable service, survivor benefits are paid from the pension plan. Surviving spouses may elect to receive a refund of the member's contributions plus interest in lieu of a survivor pension.
Copies of the formal plan document are available for inspection in Human Resource Services — Staff Benefits, the Physical Facilities' Safety and Security office, or the Human Resource offices at the regional campuses.
Annual Report of Estimated Benefits Each year, an individualized statement will be prepared for each member. To Initiate Benefit Payments Members planning retirement should notify Staff Benefits approximately 30 days prior to the scheduled retirement date. Examples of Pension Benefit To illustrate the way in which the pension component of this program works, some examples are provided.
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