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Capita statement help

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.
heapsy
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Joined: 02 Jun 2007, 23:40
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Capita statement help

Post by heapsy »

Need a bit of help please. Trying to help someone at work, but for some reason, cannot find the above statement.
Does anyone know what the increases were last time? If someone can let me know, I'd be able to use this info to update my figures and help my colleague. Any help much appreciated.
RobertT
EX ROYAL MAIL
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Re: Capita statement help

Post by RobertT »

According to the RMSPS plan guides if you're still employed and accruing benefits at the time, it should be RPI as of the previous September up to a maximum of 5%, for all sections.

As the actual rate of RPI was 8.9% in September 2023, your pension should have increased by 5%.

*The rates might be different for deferred and pensioner members.
Links to all RM pension related websites are here
heapsy
Posts: 2949
Joined: 02 Jun 2007, 23:40
Gender: Male
Location: Drinking with Gangsters

Re: Capita statement help

Post by heapsy »

Many thanks for the quick reply, very helpful.