Enables you to specify date-effective parameters for the Police Pension Scheme (PPS2015) Career Average Revalued Earnings (CARE) scheme, including a number of user-definable pay element categories and pay bands consisting of a maximum Full Time Equivalent annual earnings value and the corresponding employee contribution rates.

The PPS2015 CARE scheme is a variant of the England & Wales Scheme using CARE Method 5. This method determines the employee's actual annual earnings on which their contribution percentage is based as the Cumulative Pensionable Pay for the periods.

General

Effective Date

Enter the effective date of the type 10 scheme parameters that you want to maintain, or select one from the drop-down list.

If the effective date does not exist, a prompt is displayed allowing you to create the new date. If you choose to create the new effective date, New Parameters is displayed where you can copy an existing set of parameters and amend the details.

Rate Excl Cat

Enter the ID of the pay element category that contains all the pensionable pay elements that should be excluded from the calculation to determine the annual earnings, or select one from the drop-down list.

Employer's Cont. Rate %

Enter the employer's contribution percentage for this scheme.

APC PE Cat

Enter the ID of the pay element category that contains all the pension pay elements that are used to deduct Additional Pension Contributions (APC), or select one from the drop-down list.

Pay Bands

Band

Display only. The number of the pay band.

Annual FTE Earnings (Inclusive)

Enter the maximum annual FTE pensionable pay for this pay band.

Ee's Full Rate %

Enter the employee's full contribution percentage for this pay band.

Ee's Reduced Rate %

Enter the employee's reduced contribution percentage for this pay band.

Buttons

Letters / Emails

Click to open the Pension Scheme Standard Letter and Email Message window.

MD25G47