ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

pension advic

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.
sidybhoy
Posts: 24
Joined: 19 Jan 2010, 16:59
Gender: Male

pension advic

Post by sidybhoy »

hi there i left the company in november but i am still getting stuff about my penison, what happened to the money i payed in and can i get it back
Top
sheff postie
MAIL CENTRES/PROCESSING
Posts: 131
Joined: 04 Feb 2011, 22:01
Gender: Male

Re: pension advic

Post by sheff postie »

I think you can transfer your contributions to another pension plan.
Top
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: pension advic

Post by arnold cheshire »

if ive paid in for 20 yrs then i leave and dont get another job or dont transfer my pension do i get full pension at 60?
Top
sheff postie
MAIL CENTRES/PROCESSING
Posts: 131
Joined: 04 Feb 2011, 22:01
Gender: Male

Re: pension advic

Post by sheff postie »

PASS!! ask me another 1 :chuckle
Top
arnold cheshire
Posts: 5309
Joined: 14 Oct 2010, 21:28
Gender: Male
Location: england

Re: pension advic

Post by arnold cheshire »

ive known posties pick up full pensions with less service say 14 yrs so why should i keep paying into this i want out quick but it wont happen :sad:
Top
baldrick
EX ROYAL MAIL
Posts: 5028
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: pension advic

Post by baldrick »

sidybhoy wrote:hi there i left the company in november but i am still getting stuff about my penison, what happened to the money i payed in and can i get it back
I think you can get it back if you were in the pension scheme for less than 2 years. If you were in the scheme for more than 2 years,
you can transfer the money into another scheme. Otherwise your pension entitlement is frozen until you reach 60.
Top
baldrick
EX ROYAL MAIL
Posts: 5028
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: pension advic

Post by baldrick »

bringon4dayweeks wrote:if ive paid in for 20 yrs then i leave and dont get another job or dont transfer my pension do i get full pension at 60?
You won't get a full pension - you need 45 years contributions now for a full pension. With 20 years service you would get a bit less than half your current pension entitlement, that would be a bit less than 25% of your current pensionble pay.
Top
baldrick
EX ROYAL MAIL
Posts: 5028
Joined: 13 Sep 2007, 23:37
Gender: Male

Re: pension advic

Post by baldrick »

bringon4dayweeks wrote:ive known posties pick up full pensions with less service say 14 yrs
They wouldn't get a full pension with only 14 years contributions, unless they have transferred in pensions contributions from a previous employment, or bought added years. If they took EVR they may also have got up to 6 and two thirds years enhancement.
Top
vanman
Posts: 89
Joined: 21 May 2007, 09:12
Location: East Mids

Re: pension advic

Post by vanman »

You'll find the answer to your question here:

http://www.royalmailpensionplan.co.uk/" onclick="window.open(this.href);return false;
Top
RobertT
EX ROYAL MAIL
Posts: 6548
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: pension advic

Post by RobertT »

bringon4dayweeks wrote:if ive paid in for 20 yrs then i leave and dont get another job or dont transfer my pension do i get full pension at 60?
You will get a pension based on your pay when you left and how many years you were in the job.
Links to all RM pension related websites are here
Top

Return to “ROYAL MAIL PENSION”