Timeline for Can the UK devalue government pension schemes?
Current License: CC BY-SA 4.0
16 events
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| Feb 29 at 9:09 | history | mod moved comments to chat | |||
| Feb 27 at 8:00 | comment | added | Ganesh Sittampalam♦ | @DJClayworth I think these two links are references for the fact that you get index linking from Alpha both before and after leaving (even though they aren't the actual detailed scheme rules): civilservicepensionscheme.org.uk/knowledge-centre/…, civilservicepensionscheme.org.uk/knowledge-centre/…, | |
| Feb 26 at 22:14 | comment | added | DJClayworth | @P.Hopkinson Thank you. That's what I thought was likely. | |
| Feb 26 at 22:12 | history | edited | DJClayworth | CC BY-SA 4.0 |
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| Feb 26 at 22:07 | history | edited | DJClayworth | CC BY-SA 4.0 |
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| Feb 26 at 22:01 | comment | added | P. Hopkinson | @DJClayworth my understanding is that Alpha keeps pace with the CPI. So if the CPI is +5% then the yearly payout from the pension is uprated by 5% (regardless of if you are working or not). If the CPI is negative then this rule is disregarded. Similarly, the NHS pension yearly payout is increased by CPI plus an additional 1.5%. | |
| Feb 26 at 22:00 | comment | added | Ganesh Sittampalam♦ | OK, so yes the benefits would be index linked (which they also are when in payment), but they wouldn't accrue other than that. [I haven't double-checked the rules, but I have enough general experience of how Alpha at least works to be fairly confident of it] | |
| Feb 26 at 21:36 | comment | added | DJClayworth | I mean if the person isn't working. Old schemes were index linked, so there was some sort of increase in benefits even if you didn't work. I'm inclined to think you are right, but I'm hoping someone else knows for sure. | |
| Feb 26 at 21:05 | comment | added | Ganesh Sittampalam♦ | "if there would be an extra accrual of benefits during the year that the pension is delayed" - do you mean if the person continues to work for that year? If so why wouldn't there be accrual? And if not it seems obvious there wouldn't be. I know there are complications with accrual when working past the standard retirement age for a scheme, but those by definition wouldn't apply here. | |
| Feb 26 at 19:08 | history | edited | DJClayworth | CC BY-SA 4.0 |
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| Feb 26 at 19:05 | comment | added | DJClayworth | Chat is here: chat.stackexchange.com/rooms/151693/… | |
| Feb 26 at 18:50 | comment | added | P. Hopkinson | "If your employer isn't telling you then your union will either know the answer or be working to find it out" - - that's a terrific point. | |
| Feb 26 at 17:44 | history | undeleted | DJClayworth | ||
| Feb 26 at 17:44 | history | edited | DJClayworth | CC BY-SA 4.0 |
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| Feb 25 at 22:24 | history | deleted | DJClayworth | via Vote | |
| Feb 25 at 22:23 | history | answered | DJClayworth | CC BY-SA 4.0 |