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Firefighters 2015 scheme – Active
Allocation

Allocation is an option to give up part of your pension at retirement to provide, on your death, a pension for a surviving partner or other dependant. It is an old provision which has carried forward to FPS 2015 from earlier versions of the Scheme which provided very limited amounts of dependants' benefits.

An election to allocate – which could be in respect of more than one beneficiary – must be given no later than the day before benefits become payable and no earlier than 2 months before. It is subject to medical evidence of good health and normal life expectancy. Up to one third of the annual rate of the pension can be allocated but the amount provided as a pension on allocation depends upon the age and sex of the firefighter and of the nominee.

The allocated pension would be paid from the date of death of the Scheme pensioner, but if the nominee were to predecease the member, the portion of pension allocated would be restored with effect from the date of death of the nominee.

The nomination would cease to have effect if the nominee ceases to meet rules of eligibility. Also, the nomination must comply with tax rules for death benefits.

If you are interested in this option, the fire and rescue authority's pensions administrator can give you a personalised quote and relevant information before your pension becomes due.