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!

Delay in receiving my pension and lumpsum

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.
FAB
Posts: 234
Joined: 06 May 2017, 22:57
Gender: Male

Delay in receiving my pension and lumpsum

Post by FAB »

Looking at my pension since getting it at 60 I believe that Capita are only handling the Final Salary part. Even although 4 of the 10 years worth of career average were taken over by the Government along with the final salary. They left the administration of their part of the career average scheme with the RM in Sheffield. So all 10 years of that part are handled by RM. Just a pity that took the final salary part away from Sheffield. The cost savings given all this hassle surely can't be worth it?!
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

Delay in receiving my pension and lumpsum

Post by RobertT »

FAB wrote:Looking at my pension since getting it at 60 I believe that Capita are only handling the Final Salary part. Even although 4 of the 10 years worth of career average were taken over by the Government along with the final salary. They left the administration of their part of the career average scheme with the RM in Sheffield. So all 10 years of that part are handled by RM. Just a pity that took the final salary part away from Sheffield. The cost savings given all this hassle surely can't be worth it?!
Capita has been responsible for all RMSPS(pre 2012) benefits since 11th November 2019, as this LTB at the time confirms: 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
TheStrangler
Posts: 218
Joined: 27 Jun 2017, 10:41
Gender: Male

Delay in receiving my pension and lumpsum

Post by TheStrangler »

Steve_claret wrote:
TheStrangler wrote:I emailed them to confirm that I could send in my application to take all my pension.
They said all new applications were suspended.
I was told to contact them again in a month as they're not accepting any more applications due to coronavirus.
Was this Capita? They can't not process NRA pension claims. They may have a point though for members wanting to take their pensions earlier than NRA.
This was the Rm, I didnt go any further with capita as I couldn't see the point.
You're probably right that it just applies to those taking their pension early.