Question to the Home Office:

To ask the Secretary of State for the Home Department, when the revised commutation factors for the police pension scheme will be published.

As the Scheme actuary, the Government Actuary will review the commutation factors to maintain the actuarial equivalence required under Regulation B7(7) of the Police Pensions Regulations 1987.

There is no set timeframe in which such reviews must be carried out. These reviews can be prompted by changes to one or more underlying factors (such as longevity), and can be affected by further changes while they are being carried out. The Government Actuary can, and does, carry out reviews as and when he judges necessary.

In light of the recent Pensions Ombudsman judgement relating to the case of a retired fire-fighter and the review of commutation factors between 2001 and 2006, the Government Actuary’s Department will be publishing revised factors for that period shortly.