RMSPS Portal

[Mike G]

There's SO much I haven't got a clue about with my RM Pension, but as a basic starting point... when I login to the RMSPS (Capita) Portal and I see the figure for my annual forecast, is that figure the combined total for all the different RM pension elements I've been paying into from 2000 when I started to 2022 when I left?

Or is that RMSPS figure only part of the different pensions I've been paying into?

[NWpostie]

I tried logging on, but like Capita it's useless as I can't get in even if I request password reset.

[freespeech]

There's SO much I haven't got a clue about with my RM Pension, but as a basic starting point... when I login to the RMSPS (Capita) Portal and I see the figure for my annual forecast, is that figure the combined total for all the different RM pension elements I've been paying into from 2000 when I started to 2022 when I left?

Or is that RMSPS figure only part of the different pensions I've been paying into?

RMSPS in isolation......you will need to check RMPP too. Haven't you been getting the annual statements?

[claretandblue]

There's SO much I haven't got a clue about with my RM Pension, but as a basic starting point... when I login to the RMSPS (Capita) Portal and I see the figure for my annual forecast, is that figure the combined total for all the different RM pension elements I've been paying into from 2000 when I started to 2022 when I left?

Or is that RMSPS figure only part of the different pensions I've been paying into?

I think it's 2000 to 2012, after that is rmpp.

[RobertT]

There's SO much I haven't got a clue about with my RM Pension, but as a basic starting point... when I login to the RMSPS (Capita) Portal and I see the figure for my annual forecast, is that figure the combined total for all the different RM pension elements I've been paying into from 2000 when I started to 2022 when I left?

Or is that RMSPS figure only part of the different pensions I've been paying into?

For anyone with Age60/65 benefits, everything accrued up to 2012 is via the RMSPS and everything after is the RMPP.

You should have been getting annual statements from both, telling you how much your pension/s are worth. If not, get in touch with them.

Age60 relates to pension accrued up to 2010 and Age65 is afterwards.

As for logging into the RMSPS portal, personally I've never had any issues. Plus you can see at least some of you annual statements via the 'mailbox' too.

There is no online access for the RMPP.

[Mike G]

Thank you for the replies.

Yes I have been getting annual statements but I've never really understood either the figures or the terminology used in any of them, it's only now I've turned 50 I'm thinking I really need to get my head around them!

So just to clarify...

The RMSPS figure was accrued up until 2012 and is DB and therefore a guaranteed fixed amount which can't go down.

The RMPP figure isn't DB and presumably exposed to the competence of the fund managers and the vagaries of the stock markets.

I still don't really understand the dates with the RMSPS... According to Robert it closed in 2010, according to Google it closed to NEW ENTRANTS in 2012 and closed completely in 2018, so as an existing entrant shouldn't I have been contributing to it up until 2018?

Yet according to my statements my length of service for the RMSPS is 9 years and 130 days from when I started in Jan 2001... which fits with Roberts date of it ending in 2010.

[claretandblue]

Thank you for the replies.

Yes I have been getting annual statements but I've never really understood either the figures or the terminology used in any of them, it's only now I've turned 50 I'm thinking I really need to get my head around them!

So just to clarify...

The RMSPS figure was accrued up until 2012 and is DB and therefore a guaranteed fixed amount which can't go down.

The RMPP figure isn't DB and presumably exposed to the competence of the fund managers and the vagaries of the stock markets.

I still don't really understand the dates with the RMSPS... According to Robert it closed in 2010, according to Google it closed to NEW ENTRANTS in 2012 and closed completely in 2018, so as an existing entrant shouldn't I have been contributing to it up until 2018?

Yet according to my statements my length of service for the RMSPS is 9 years and 130 days from when I started in Jan 2001... which fits with Roberts date of it ending in 2010.

2010 is when nra age 60 stopped, 2012 to 2018 was career average age 65, 2018 to 2022 is a lump sum, all are defined benefits. RMPP runs the bit after 2012.

[RobertT]

Thank you for the replies.

Yes I have been getting annual statements but I've never really understood either the figures or the terminology used in any of them, it's only now I've turned 50 I'm thinking I really need to get my head around them!

So just to clarify...

The RMSPS figure was accrued up until 2012 and is DB and therefore a guaranteed fixed amount which can't go down.

The RMPP figure isn't DB and presumably exposed to the competence of the fund managers and the vagaries of the stock markets.

Your pension up to 2008 was based on final salary.
Your pension 2008-2018 was based on average salary.
Both are DB!
2018-2024 was the Cash Balance scheme, which is a lump sum to be taken predominantly with RMPP Age65 benefits.

I still don't really understand the dates with the RMSPS... According to Robert it closed in 2010, according to Google it closed to NEW ENTRANTS in 2012 and closed completely in 2018, so as an existing entrant shouldn't I have been contributing to it up until 2018?

According to me, the RMSPS is pension accrued up to 2012, which is correct!
The RMPP will pay out the pension you built up from 2012.

There's two administrators because the government took over our pensions up to 2012, as part of the privatisation process of the company.

So the government are responsible for paying your pension up to 2012, via the RMSPS(administered by Capita). And RM are responsible for your pension from 2012, via the RMPP.

The DB pension scheme as a whole actually closed to new entrants in 2008 and to future accrual for existing members in 2018. Being replaced with the Cash Balance until 2024.

Yet according to my statements my length of service for the RMSPS is 9 years and 130 days from when I started in Jan 2001... which fits with Roberts date of it ending in 2010.

That will be your pensionable service, so any periods of part time work will be pro rata. Meaning that figure might be lower than your actual service.
Any strike days will also be taken off.


RM pensions are stupidly complicated, but to clarify:

Up to 2008 your pension was based on final salary.
2008-2018 it was average salary.
2018-2024 it was the Cash Balance.

Up to 2010 is Age60.
2010-2018 is Age65.
2018-2024 is Cash Balance, to take mainly with Age65.

Up to 2012 is administered by RMSPS.
2012-2024 is the RMPP.

[Mike G]

Thanks again Robert, I'm slowly starting to get a grasp on it all thanks to your explanations, although I have to read and reread everything at least 3 or 4 times before it starts to sink in!

[RobertT]

The RMSPS and RMPP websites both have useful videos that explain how the two schemes fit together, as well as more reading material, such as the plan guides.

The CWU have produced a set of brochures that go into more detail about when the various pensions started and finished, etc.

They might help you understand things better?

Just click my link below for more info. v

[Walter sobchak]

Does anyone have a link to a change of address for both pension plans please?

[ted_e_bear]

Does anyone have a link to a change of address for both pension plans please?

Try RobertT's link it's got all the relevant websites listed

Screenshot_20260119-154942.png

[Mike G]

The RMSPS and RMPP websites both have useful videos that explain how the two schemes fit together, as well as more reading material, such as the plan guides.

The CWU have produced a set of brochures that go into more detail about when the various pensions started and finished, etc.

They might help you understand things better?

Just click my link below for more info. v

OK thanks.

Another thing that's puzzling me is that everything I've read about the annual increase to my pension is that it is RPI, up to a maximum of 5%.
In my RMSPS statement for 2025 the 'Pension Increase Amount' works out at more than 5% of the Annual Pension or the Annual Pension + Annual Pension Supplement. This is for both age 60 or age 65. Why are the increases more than 5%?

[RobertT]

The annual increases will vary depending on your membership status within the scheme. You're section C, so:

Employee or pensioner – RPI
Deferred – CPI

https://www.royalmailpensionplan.co.uk/ ... r-pension/

The increases are applied each April, but based on inflation figures in the previous September.

As a deferred member, your increase for 2025 should have been 1.7%.

To find out how much it's gone up by, you need to compare it to 2024's statement.


*Section A/B members increases should be:

Employee – RPI
Deferred or pensioner – CPI

https://www.royalmailpensionplan.co.uk/ ... r-pension/

*Cash Balance increases are discretionary, but aim to at least match CPI.

[tractorboy2]

The RMSPS and RMPP websites both have useful videos that explain how the two schemes fit together, as well as more reading material, such as the plan guides.

The CWU have produced a set of brochures that go into more detail about when the various pensions started and finished, etc.

They might help you understand things better?

Just click my link below for more info. v

OK thanks.

Another thing that's puzzling me is that everything I've read about the annual increase to my pension is that it is RPI, up to a maximum of 5%.
In my RMSPS statement for 2025 the 'Pension Increase Amount' works out at more than 5% of the Annual Pension or the Annual Pension + Annual Pension Supplement. This is for both age 60 or age 65. Why are the increases more than 5%?

I wasn't the only one then.