Optional conversion of continuing pension at retirement into lump sum at a conversion rate offered by the pension scheme. 

Commutation factors for the FPS are shown in the table below. The factor is applied to the part of the pension you give up to calculate the amount of the lump sum.

  FPS 1992 FPS 2006 - standard FPS 2006 - special FPS 2015
Commutation factors Calculated by the scheme actuary and reviewed regularly 12:1 Annex ZA of 2006 regulations 12:1

Annex ZA Firefighters’ Pension Scheme (England) Order 2006 -