RMPP Pension illustation

[fly-catchers]

When you get the annual RMPP illustration in September each year it is (hopefully) a larger amount than the previous illustration. Does that increase reflect the inflation increases. Or the fact you have been paying more into over the year?

I am still waiting to hear about my EVR though it is still trundling along at the moment...

[RobertT]

The NRA60 element is now effectively deferred but is linked to inflation and goes up accordingly each year.

While the NRA65 part does two things: what you’ve already got increases with inflation plus you also have another year to add to your pensionable service.

More info can be found by downloading the relevant guide:
http://royalmailpensionplan.co.uk/55/pensions-brochures" onclick="window.open(this.href);return false;

[heapsy]

I would think a combination of the two. On my 2013 statement on page 3 it says as of September 2012 RPI was 2.6%. The CSDB pension blocks and the pension supplement, (I am a Section C member) were revalued b y 2.6% at March 31 2013.
On my 2014 statement it says a similar thing with the relevant figure being a revaluation of 3.2% at March 31 2014. According to the Office for National Statistics RPI was 2.3% in September 2014 so I am assuming that this will be the increase for this years statement, but don't shoot the messenger, I could be slightly out. Somewhere there will be input of the number of CSDB blocks. At the end of March 31 2015 we will have built up a total of 7. Hope this helps.

[fly-catchers]

Cheers Robert & heapsy