This note is provided for the Department of Justice (DoJ) as the scheme manager of the police pension schemes. It sets out how to determine the appropriate pension credit for incoming non-Club transfers in to the 2015 scheme.

A pension credit in respect of a non-Club transfer value may be awarded in the 2015 scheme in accordance with the Police Pensions Regulations (Northern Ireland) 2015.

A request for a transfer payment to be accepted into the 2015 scheme must be made during the 12 months following the transferring member's first day of eligible service. The scheme manager may treat a request as having been made earlier than it was if they consider it reasonable to do so.

The formulae and factors for calculating the pension credit to be awarded are set out in the following sections:

• "Processing transfers in" covers the details on how transfers in to the 2015 scheme should be processed.
• "Calculations of pension credit" covers the calculation of the pension credit to be awarded to 2015 scheme members.

The following changes have been made when reviewing this guidance:

• Important information around the expected audience for the guidance, use of the guidance, review of factors, compliance and limitations applies across all sets of guidance. Rather than being repeated in each set of guidance, this can now be found on the scheme home page. It is important to read this information alongside the guidance.
• Calculation methodology: No changes have been made to the calculation methodology.
• Examples: There are no examples in this guidance. Worked examples, using the calculation methodology, can be found in prior versions of the guidance (though please note that these use historic factors).
• Factor tables: The "Factor Tables" tab contains the names of the tables that are referenced in the calculation methodology. The tables of factors themselves can be found in the most recently published "Consolidated Factors Workbook" which is available by clicking the "Download current Consolidated Factors Workbook" button on the scheme's home page.
• Assumptions: The key assumptions underlying the factors in each note are contained in the Consolidated Factors Workbook.
• Regulations: The regulations that require the production of the actuarial factors and/or guidance that is the subject of this note are summarised in the "Regulations" tab.

This note only covers non-Club incoming transfers into the 2015 scheme. Guidance on pension credits and the factors to use for incoming transfers from a member of the Public Sector Transfer Club is contained within the Club Memorandum, issued by the Club Secretariat.

Separate guidance and factors cover the calculation of service credits for incoming non-Club transfers into the 1988 and 2006 schemes respectively.