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Dear All, At conference this morning the Home Secretary made an announcement in relation to a re-calculation of police pension commutation formulas. The calculation was not described in detail but early indications are that it could, for soem officerrs, equate to an additional 20+% in commutation lump sum payments, back dated to October 2007 the new formula will equalise male female payment ratios. As soon as we have received the final formula and what it means to you we will circulate the information. |
