NRA 65

daveyeff · Post by **daveyeff** » 19 Dec 2019, 16:13

he's only paid into it for 4 years though.

NWpostie · Post by **NWpostie** » 19 Dec 2019, 16:19

That explains it.

Post by **RobertT** » 19 Dec 2019, 16:21

NWpostie wrote:Still quite low.

daveyeff wrote:he's only paid into it for 4 years though.

Depending on exactly when in 2013 he left the business, it's closer to 3.

The combined figures sound about right to me, for service between 2010 and 2013 in section A/B.

daveyeff · Post by **daveyeff** » 19 Dec 2019, 16:24

why is it from 2 separate pensions though, you only pay into 1 don't you?

Post by **RobertT** » 19 Dec 2019, 16:31

daveyeff wrote:why is it from 2 separate pensions though, you only pay into 1 don't you?

The government are responsible for paying pensions accrued up to 31st March 2012.
RM pay for benefits built up afterwards.

It was part of the deal that enabled privatisation to go through. The government/taxpayer are liable to fund the liabilities(around £46 Billion) of our pensions up to that date. In return they took over the assets of the RM pension as at that date - which was around £28 Billion.

daveyeff · Post by **daveyeff** » 19 Dec 2019, 16:33

so anyone cashing in their NRA 65 pension will get it in 2 parts?

Post by **RobertT** » 19 Dec 2019, 16:36

daveyeff wrote:so anyone cashing in their NRA 65 pension will get it in 2 parts?

Yes.

Post by **hatter68** » 19 Dec 2019, 17:18

I’ve just received final forms regarding NRA 60 benefits. These are just the RMSPS parts. RMPP forms arriving separately.

Post by **Steve_claret** » 20 Dec 2019, 11:25

hatter68 wrote:I’ve just received final forms regarding NRA 60 benefits. These are just the RMSPS parts. RMPP forms arriving separately.

hatter68, if you don't mind me asking how long before your 60th birthday did you get the NRA60 paperwork from Capita or are you taking yours early?
I'm interested as I am 60 in March and have heard nothing yet from Capita about my NRA60 pension. Thanks.

Post by **hatter68** » 20 Dec 2019, 13:23

I am 60 on jan 6. Got my estimate for RMPP and RMSPS benefits in October so 3 months before 60 birthday. The forms I received wed 18 relate to RMSPS only which I’ve now sent back to capita. Should get RMPP parts soon hopefully.

Post by **hatter68** » 20 Dec 2019, 13:31

So capita are dealing with RMSPS parts which I have to send back first then PSC will send retirement options regarding RMPP bit.

Post by **hatter68** » 20 Dec 2019, 13:35

This all just relating to NRA 60 benefits only

Post by **hatter68** » 20 Dec 2019, 13:55

Took a photo of information page but can't seem to upload it at the minute

Post by **stephen500** » 21 Dec 2019, 19:59

NWpostie wrote:Still quite low.

Thats for 2 and 3 years and is pretty decent.
I am expecting Csdb of £1737 per annum and a lump sum of around £12 K for 8 years of that scheme, PHG night worker full night allowance. With Final salary on top of that. So lump sums of around £70k and pension of around £11 k a year added together with perhaps a bit more because of cash balance scheme.

Post by **Steve_claret** » 23 Dec 2019, 08:46

hatter68 wrote:I am 60 on jan 6. Got my estimate for RMPP and RMSPS benefits in October so 3 months before 60 birthday. The forms I received wed 18 relate to RMSPS only which I’ve now sent back to capita. Should get RMPP parts soon hopefully.

Cheers for that. I am now less than 3 months from my 60th birthday and have heard zilch. A phone call to Capita will be made early January when they are back to normal working.