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Growth AVC....Grim Month

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.
Hawkey99
Posts: 568
Joined: 23 Oct 2011, 11:19
Gender: Male

Growth AVC....Grim Month

Post by Hawkey99 »

This month I believe.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Growth AVC....Grim Month

Post by RobertT »

Taken from the last edition of 'pension news':
For employee members, the annual Benefit Illustrations will be sent out in early October. They will show the value of the benefits built up as at 31 March 2018. As a result, it won’t reflect the changes to the RMPP which came into force on 1 April.
Links to all RM pension related websites are here
foxyjarvis
Posts: 51
Joined: 21 Mar 2011, 22:53
Gender: Male

Growth AVC....Grim Month

Post by foxyjarvis »

Robert, in the Guide to Benefits booklet sent out June 18, when it comes to calculating the overall RMPP value for a Section C member, you multiply the Pension supplement by 20 as well.
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Growth AVC....Grim Month

Post by RobertT »

Yes, I should have made it clear the supplement is included in the calculation aswell! Page 12 of the booklet for anyone interested.

And for reference, it is only paid if you are not employed by Royal Mail Group and it will stop when you reach your State Pension age.
Links to all RM pension related websites are here