Police pension

Hi anyone out there divorced a policeman. I could do with some advise. Anyone any idea how much a pension is likely to be worth after 25 years of sevice as a pc current salary around 36000. No other assets or kids. Also if I go for pension sharing would i get at 60 or 55. Whay is the likely percentage I would get being married for 27 years.

You'll get it at 60; how much depends on the whole picture of your finances.

This any use?

www.hansonwealth.co.uk/policefed/pps/pps_guide.html#retirement

PPS pension calculator on same website.

Knowing what income it produces for him and when, is a good start to understanding the real value - the CETV offered by the scheme may well be an undervalue.
A lot of people share the pension built up during marriage so as to provide each side with equal income from it.

A police officer can have it before but a divorced spouse cant have their pension until 60.

Sad but true - so unfair.
www.ancillaryactuary.co.uk/home/2010/1/3...rial-r.html#comments.

"Pension credits from age 60
Unlike the armed forces schemes, which have reduced the age at which pension credit members must take their pension, there have been no such changes to the police schemes. Pension credits must still be taken from age 60, and it is not possible to transfer them out of the scheme to get around this.
There is talk of this changing, but this would strictly require Amendment Orders to the schemes’ primary legislation so it seems unlikely to happen in the near future."

Trouble is the other ways of sorting out the pension - ie other than splitting - are even worse?

The retirement age differential is an issue with most of the uniformed services schemes. There is no simple way for the spouse to get their pension at the same time but that is not necessarily the end of the story. It is quite common to calculate the pension split to allow for the retirement age differential and many would consider this the fairest option.

Peter

Hi Thanks for reply. I know what my husbands pension figures are. is the CETV likely to be based on his annual pension x so many years. I am thinking I could use this as a bargaining point for his limp sum. Or is pension sharing likely to give me 50% there are no other assets.