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Firefighter Pension Scheme commutation factors (10 September 2009)
The Minister for Community Safety announced today that the commutation factors for the Firefighters Pension Scheme (FPS) will be backdated to 22 August 2006. These factors apply only to the “old” scheme which was closed to new members from 6 April 2006. This follows consideration of the judicial review decision applied in England and Wales for the police pension scheme which determined that the factors should be applied from the date they were first provided by the scheme actuary. In the case of the FPS these factors were first provided on 22 August 2006.
Full details of what action needs to be taken on this particular issue are included in [Fire circular 2009/10]
Actuarial Factors for Firefighters’ Pension Scheme (FPS) - September 2008
The Scottish Government announced on 9 September that the revised commutation factors for firefighters in the FPS would be introduced with immediate affect. Fire and Rescue Authorities (FRA) have been informed of the action they need to take by Scottish Fire Circular 2008/14 a copy of which is available on this website. The revised factors are being backdated to 1 October 2007 and firefighters who retired from that date onwards will require their awards to be reviewed. FRA’s will make arrangements to contact those former firefighters who will be due a backdated award.