Deferred Benefit - Police

Deferred benefits paid from the Police Scheme will always be lump sums. The deferred benefit may be significantly larger than the resignation benefit.

Accessing your benefit

The lump sum benefit was calculated on the date of ceasing service and is indexed to the CPI up until the date it is eventually paid. A deferred benefit is payable at any time after reaching age 55.

If you are still working, from age 55 you may be able to use your benefit to fund a transition to retirement income stream. In this case, you may benefit by accelerating your super savings or alternatively cutting back on the hours you are working without reducing your income.