Did you retire from Avon Fire & Rescue
Service (AF&RS) between 22 August 2006 and 30 September
2007 (inclusive)?
If so please be aware that the Communities and Local
Government (CLG) have now issued instruction to Firefighters
Pension Scheme (FPS) administrators to backdate the actuarial
factors used for the commutation of pension to lump sum (as
originally issued under FPSC 5/2008).
This applies to any member of the FPS who:
· retired
between 22 August 2006 and 30 September 2007 inclusive (i.e. whose
last day of service was 21 August 2006 or later) with immediate
payment of pension; or
· whose deferred
pension came into payment between 22 August 2006 and
30 September 2007 inclusive; and
· who commuted
some of his/her annual pension for a lump sum.
In all such cases the lump sum to which the member is entitled
will be recalculated using the new factors and guidance, based on
the terms of the member’s original notice of commutation.
Members who retired on or after 1 October 2007 will already have
been covered by the previous backdating exercise following FPSC
5/2008.
If this applies to you, Avon Pension Fund (on behalf of
AF&RS) will be writing to members with further details by
16 October 2009