Pension query

[ballee]

What could a postie with 32 years service expect if he was to retire this year at 65. I am getting mixed messages. Please help.

[RobertT]

What could a postie with 32 years service expect if he was to retire this year at 65. I am getting mixed messages. Please help.

Your first port of call will be your last annual statement. But the pensions people should also write to you about 3-4 months before your 65th with the options available to you. If not, then contact them, their details are on the pensions website: http://www.royalmailpensionplan.co.uk/s ... l-contacts" onclick="window.open(this.href);return false;

However if you’re 65 this year then I would assume you’re already receiving your NRA60 pension, as there’s no real logic in deferring it beyond 60.
If you’re not already getting it, I’m not going to even attempt to guess what it might be worth I’m afraid.

As a section B member, and assuming you’re full time & don’t have any pensionable allowances, I would say your NRA65 would be somewhere in the region of £2,500 per year minus any income tax you might have to pay.