03 Dec 2018, 13:38
03 Dec 2018, 18:02
The maximum combined pension in respect of service up to 31 March 2018 is equal to that calculated using a maximum of 45 years’ pensionable service. If you completed more than 45 years’ pensionable service you would not have built up any further pension blocks but, provided you continue in pensionable service, all your pension blocks will continue to be revalued up to the last renewal date before you take your benefits or leave pensionable service.
04 Dec 2018, 10:01
04 Dec 2018, 10:25
westy23 wrote:Morning all and RobertT
When I take my 65 pension at nra next year and if I decide to carry on working will
I still be contributing/building up my DBCBS fund?
For current members of RMPP, DBCBS benefits cannot be taken separately to other RMPP benefits – DBCBS benefits have to be taken with Age 60 or Age 65 benefits (to link with RMPP and RMSPS benefits). Current RMPP members taking Age 60 benefits will be able to take part or all of their DBCBS benefits (depending on how much tax-free lump sum they can take at that point) with their Age 60 benefits and can then continue contributing towards further DBCBS benefits until Age 65 benefits are taken.
As I get older everything seems more confusing regarding pensions.
04 Dec 2018, 17:41
04 Dec 2018, 19:20
rogersh wrote:I opted to stay in the DC scheme in which I had this assurance.
"I can confirm that as long as you work for Royal Mail you are eligible to pay into the plan."
I assumed when/if CDC scheme is implemented the DC scheme would no longer exist & I would automatically be enrolled in the new CDC scheme.
If so,will I still be able to pay into CDC if I remain with RM after NRA ?
Is age 67 the NRA for CDC ?