Leaving the Scheme
If you do not want to be a member of the FPS 2007, you can opt out at any time by giving written notice to the Fire & Rescue Service. The notice would take effect from the start of the following pay period.
If you have less than 3 months' qualifying service at the time the notice takes effect, you would normally receive a refund of the contributions you have paid. If you have 3 months' or more qualifying service you would have a choice of a transfer of accrued pension rights to another pension arrangement, or a deferred pension.
You would cease to have any further cover under the FPS 2007 (other than that provided by any deferred pension). If you subsequently change your mind and wish to rejoin, you will then become a member of the FPS 2015. Your election to rejoin would take effect from the start of the following pay period.
Seek Independent Financial Advice if you are thinking about opting out of the FPS 2007. You would save the cost of contributions, but would probably pay more by way of tax (contributions attract tax relief) and National Insurance contributions (while a member of the FPS 2007, you pay the lower contracted out rate). Plus, you and your dependants would cease to have the cover that the FPS 2007 provides.