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60 pension query

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.
janemagnacarta
Posts: 2
Joined: 10 Oct 2007, 20:37

60 pension query

Post by janemagnacarta »

Hello

I’ve had a prediction today for nra 60 from the squirrel booklet which says something ridiculous like 17 pound a month..will I get another prediction from capita? Only my statements have quoted 3200 a year last year.
BenacreNick
Posts: 1157
Joined: 18 Jul 2022, 13:27
Gender: Male

Re: 60 pension query

Post by BenacreNick »

Might need to move into the pension section, please admin.
NWpostie
Posts: 3601
Joined: 04 Aug 2007, 17:32
Gender: Male
Location: Sector 001 Borg Collective, 6 o f 9

Re: 60 pension query

Post by NWpostie »

It would depend on how long you have been in RM and how much you have put in your AVCs if you opted into one, there's so many factors to consider.....
Six of Nine loves Seven of Nine, together in Electric Dreams.
clashcityrocker
Posts: 16469
Joined: 22 Sep 2009, 13:50
Gender: Male
Location: strummerville

Re: 60 pension query

Post by clashcityrocker »

Yes is the simple answer to the original question.
The societies of consumption and squandering of material resources are incompatible with the idea of economic growth and a clean planet.
robking
Posts: 236
Joined: 19 Dec 2020, 12:14
Gender: Male

Re: 60 pension query

Post by robking »

RMSPS which is managed by Capita are responsible for paying your NRA60 pension for pensionable service before 1/4/2008 and RMPP are responsible for between 1/4/2008 and 31/3/2010. From 1/4/2010 it's NRA65.
So that quote is only for 2 years worth of your total pensionable service.
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: 60 pension query

Post by RobertT »

The RMSPS are actually responsible for paying pensions up to 2012, which includes all final salary up to 2008 and the first 4 years(2008-2012) of CARE.

Age60 relates to pension up to 2010, and Age65 is 2010 to 2018.

RMPP are also responsible for paying a small amount of inflationary increases to RMSPS benefits, hence why the Age60 RMPP quote is very small.

The OP will get another and bigger quote from Capita!
Links to all RM pension related websites are here