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<p>As the Scheme actuary, the Government Actuary will review the commutation factors
to maintain the actuarial equivalence required under Regulation B7(7) of the Police
Pensions Regulations 1987.</p><p>There is no set timeframe in which such reviews must
be carried out. These reviews can be prompted by changes to one or more underlying
factors (such as longevity), and can be affected by further changes while they are
being carried out. The Government Actuary can, and does, carry out reviews as and
when he judges necessary.</p><p>In light of the recent Pensions Ombudsman judgement
relating to the case of a retired fire-fighter and the review of commutation factors
between 2001 and 2006, the Government Actuary’s Department will be publishing revised
factors for that period shortly.</p>
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