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How many pensions to claim

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
masterblaster
Posts: 285
Joined: 10 Sep 2010, 20:12
Gender: Male

How many pensions to claim

Post by masterblaster »

If I started in RM 2005 and paid pension from 2005, and finished paying and left in 2023, how many different pensions do I have to claim for,
there are so many different acronyms?
RobertT
EX ROYAL MAIL
Posts: 6647
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: How many pensions to claim

Post by RobertT »

You'll have benefits via the Royal Mail Statutory Pension Scheme(RMSPS) up to 2012, which includes final salary pension up to 2008 and average salary pension 2008-2012.

Your benefits from 2012 to 2023 are via the Royal Mail Pension Plan(RMPP) and are made up of average salary pension 2012-2018 and Cash Balance(DBCBS) 2018-2023.

Everything up to 2010 has an NRA of 60 and everything after is 65.

More info is available on their websites.
Links to all RM pension related websites are here
masterblaster
Posts: 285
Joined: 10 Sep 2010, 20:12
Gender: Male

Re: How many pensions to claim

Post by masterblaster »

Thanks.