Many of our members, have over a period of time, used the free pension calculator on the Emergency Lounge site, which can be found here – http://emergencylounge.com/police/pension_calculator/
The site has been a long supporter of IODPA, and we have been working together to bring their calculator up to date which originally only catered for calculations under The Police Pension Regulations 1987. It now caters for calculations across multiple schemes including part-time working and is undoubtedly the best calculator available.
With the Home Office indicating that those who were forced onto the 2015 pension scheme, will be given the option to switch back to their original scheme, it is important that members understand the financial implications of doing so. We’ve had no indication that pension departments will provide these calculations for you in a timely manner.
It is important to note, as stated on the Emergency Lounge site, that the calculations are for illustration purposes only, and that official figures should be obtained before making any financial decisions, but they will provide you with an accurate prediction.
We’ve been beta testing this new calculator for the site, but if you find any problems with it, please let us know, or the site directly.