Temporary promotions prior to retirement

Simply stop temporary promotions in the Police service (and other departments where relevant) just prior to retirement where they enjoy final salary pensions. It is suspected that the temporary or acting positions are often initiated to allow what is in effect a golden handshake. The police pension is a final salary one where future pension payments are based on the best year of the last three years of service. As such acting at a higher rank on a temporary basis can have a significant affect on the subsequent pension payments for life, with the knock on ramifications for the tax payer. Analysis of a recent temporary promotion of an individual in their last year of service into a position which had previously been unfilled for a number years is a casing point.

Why the contribution is important

This initiative would save hundreds of thousands of pounds, running into millions.

by Treasury on April 06, 2017 at 08:44PM

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