RMSPS Portal

[Mike G]

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.

I'm comparing the RMSPS statements for 2025 against 2024 and the annual increases are higher than 1.7%

I don't have my RMPP statements to hand to compare their 2025 against 2024 but on this page it mentions a 19.6% of pensionable pay increase in the cash balance part of pensions. What increase applies to a deferred members cash balance?

https://www.royalmailpensionplan.co.uk/ ... e-benefit/

[RobertT]

I'm comparing the RMSPS statements for 2025 against 2024 and the annual increases are higher than 1.7%

I'm not sure of the reason I'm afraid and without any figures I can't try to work it out for myself.
Maybe they didn't increase it by the correct amount previously?

I don't have my RMPP statements to hand to compare their 2025 against 2024 but on this page it mentions a 19.6% of pensionable pay increase in the cash balance part of pensions. What increase applies to a deferred members cash balance?

https://www.royalmailpensionplan.co.uk/ ... e-benefit/

19.6% was how much the contributions were into the Cash Balance(6% employee / 13.6% RM).

Annual increases apply to all members equally as per my last post and the link you provided.

[Mike G]

19.6% was how much the contributions were into the Cash Balance(6% employee / 13.6% RM).

Annual increases apply to all members equally as per my last post and the link you provided.

OK thanks.

For the years that were career salary not final salary, is overtime included in the pensionable salary calculations or is it just basic salary before overtime?

[claretandblue]

19.6% was how much the contributions were into the Cash Balance(6% employee / 13.6% RM).

Annual increases apply to all members equally as per my last post and the link you provided.

OK thanks.

For the years that were career salary not final salary, is overtime included in the pensionable salary calculations or is it just basic salary before overtime?

Just basic and allowances.

[Mike G]

Just basic and allowances.

OK thanks.