The Firefighters' Pension Schemes participate in the Public Sector Transfer Club ('the Club').
The Public Sector Transfer Club memorandum provides further details on the inner and outer club arrangements. Inner club is CARE to CARE and outer club is final salary to final salary.
Guidance and factors for calculating 'Club' transfers in each of the 1992, 2006 and 2015 schemes are held on this page. Where a member has mixed benefits the two parts are dealt with under the guidance for each scheme.
Updated Club transfer factors calculated using the new SCAPE discount rate for NPAs 55, 60, 65, 66, 67 and 68 can be found under the scheme headings below.
The Firefighters' Pension Schemes participate in the Public Sector Transfer Club ('the Club').
The Public Sector Transfer Club memorandum provides further details on the inner and outer club arrangements. Inner club is CARE to CARE and outer club is final salary to final salary.
Guidance and factors for calculating 'Club' transfers in each of the 1992, 2006 and 2015 schemes are held on this page. Where a member has mixed benefits the two parts are dealt with under the guidance for each scheme.
Updated Club transfer factors calculated using the new SCAPE discount rate for NPAs 55, 60, 65, 66, 67 and 68 can be found under the scheme headings below.
The factors in the Public Sector Club Memorandum (Annex 1) dated 1 March 2017 are superseded by the new factors which come into effect from 1 April 2019.
The factors in the Public Sector Club Memorandum (Annex 1) dated 1 March 2017 are superseded by the new factors which come into effect from 1 April 2019.
The Club Secretariat has confirmed that for cases covered by the Club Memorandum, transfers in should be calculated using factors corresponding to the active Normal Pension Age (NPA) of the 2015 scheme (currently age 60). Transfers out should be calculated using factors corresponding to the deferred pension age of the 2015 scheme (State Pension age).
The factors in the Public Sector Club Memorandum (Annex 1) dated 1 March 2017 are superseded by the new factors which come into effect from 1 April 2019. Use these factors with the guidance dated 10 December 2019.
