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Pleased Nra 65 reasonably on time for colleague

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.
stephen500
EX ROYAL MAIL
Posts: 1458
Joined: 02 Jun 2007, 04:04

Pleased Nra 65 reasonably on time for colleague

Post by stephen500 »

Just thought I would let you know a work collegue of mine is 65 this month (May 20) and has been told he will get his pension and lump sum at the end of this month.
He did leave it a bit late to return all the paper work, so they have told him the date of payment and said it will be around 3 weeks after his birthday, in about 2 days time.
If he had returned the paperwork on time, he may have got it on time.
So as far as the NRA65 pension is concerned, it appears that getting "age" related benefits on time ie to Age, in general appears to be prioritised and on time.
NB, Although I know one ex colleague, who is still waiting for his several months after due payment. Up date . This other colleague has also been paid. Due in Feb received in May. Issue was Avcs.
Last edited by stephen500 on 22 May 2020, 00:28, edited 3 times in total.
Steve_claret
MAIL CENTRES/PROCESSING
Posts: 324
Joined: 17 Dec 2011, 14:53
Gender: Male

Pleased Nra 65 reasonably on time for colleague

Post by Steve_claret »

The majority of the NRA65 pension is in the RMPP and so paid by the PSC. Only the first 2 years are in the RMSPS and under Capita administration.
FAB
Posts: 234
Joined: 06 May 2017, 22:57
Gender: Male

Pleased Nra 65 reasonably on time for colleague

Post by FAB »

I am pretty sure all the Care scheme both the 2 years you get at 60 and the other 8 years at 65 are administrative by the Royal Mail Pension service in Sheffield. As I get two letters from both Sheffield and RMSPS in Darlington regarding the pension increases. The Government did take on the responsibility of the first 4 years of the Care scheme along with the Final Salary. But only moved the Final Salary part to Capita.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Pleased Nra 65 reasonably on time for colleague

Post by RobertT »

FAB wrote:I am pretty sure all the Care scheme both the 2 years you get at 60 and the other 8 years at 65 are administrative by the Royal Mail Pension service in Sheffield. As I get two letters from both Sheffield and RMSPS in Darlington regarding the pension increases. The Government did take on the responsibility of the first 4 years of the Care scheme along with the Final Salary. But only moved the Final Salary part to Capita.
Taken from the latest edition of 'your news - in a nutshell', which was sent out a few weeks ago:
If you were an employee member ofthe RMPP on 1 April 2012, when the Government set up the Royal Mail Statutory Pension Scheme, then the benefits you built up in the RMPP before that date will be in that Scheme whereas the benefits you earned since then remain in the RMPP.

Since 11 November 2019, following a decision by Government, Capita have been responsible for the administration of all the benefits held by the Statutory
Scheme while the Pensions Service Centre remains responsible for the RMPP.

This means that from time to time – such as when it is time to pay you your pension benefits – you will receive two letters. Capita will write to you about your Statutory Scheme benefits and PSC will write to you about your RMPP benefits.
There was an LTB at the time too: https://www.royalmailchat.co.uk/communi ... 27&t=93020" onclick="window.open(this.href);return false;
Links to all RM pension related websites are here
nataddick
MAIL CENTRES/PROCESSING
Posts: 362
Joined: 10 Jun 2010, 09:47
Gender: Male

Pleased Nra 65 reasonably on time for colleague

Post by nataddick »

Update on NRA 65 options - both RMSPS and RMPP letters received on time, as per published timeline, so fingers crossed. A cursory read through the 20 pages of bumf suggests AVC’s not properly addressed but I am on it and it will be !
stephen500
EX ROYAL MAIL
Posts: 1458
Joined: 02 Jun 2007, 04:04

Pleased Nra 65 reasonably on time for colleague

Post by stephen500 »

AVCS seem to be a problem for some. A friend got his NRA65 pension 2 months late due to avcs.
Last edited by stephen500 on 08 Jun 2020, 10:36, edited 1 time in total.
Steve_claret
MAIL CENTRES/PROCESSING
Posts: 324
Joined: 17 Dec 2011, 14:53
Gender: Male

Pleased Nra 65 reasonably on time for colleague

Post by Steve_claret »

As AVC's need to be disinvested by their providers then this is outside the control of the pension administration.