Pension Query

rks · Post by **rks** » 04 Oct 2020, 10:47

Anyone know why total service is showing about 8 years short than it should, on mine ?

Post by **chocolatesaltyballs** » 04 Oct 2020, 10:53

rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?

It only shows service up to 1st April 2012 afaik, you should get a separate statement from RMPP later showing the rest of your pension and service from 2012 onwards.

Jefferson Starfish · Post by **Jefferson Starfish** » 04 Oct 2020, 10:55

rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?

Read RobertT's post up thread!

vmaxv4 · Post by **vmaxv4** » 04 Oct 2020, 11:12

Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!

My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?

Post by **chocolatesaltyballs** » 04 Oct 2020, 11:21

vmaxv4 wrote:
Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!
My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?

Did you join the pension from your start date? My own statement is similar because I didn't get enrolled in the pension until 3 months after I started with the company, probably because I didn't have a contract those first 3 months.

Post by **RobertT** » 04 Oct 2020, 11:30

vmaxv4 wrote:
Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!
My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?

Possible reasons:

You joined the pension scheme after you joined the company.
Time spent working part time will be a pro rata amount of pensionable service.
Strike days or unpaid leave will be taken away from total service.

vmaxv4 · Post by **vmaxv4** » 04 Oct 2020, 11:32

chocolatesaltyballs wrote:
vmaxv4 wrote:
Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!
My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?
Did you join the pension from your start date? My own statement is similar because I didn't get enrolled in the pension until 3 months after I started with the company, probably because I didn't have a contract those first 3 months.

When I/We all joined RM it was a full time contract on a 43 hr week.

Post by **chocolatesaltyballs** » 04 Oct 2020, 11:35

vmaxv4 wrote:
chocolatesaltyballs wrote:
vmaxv4 wrote:
Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!
My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?
Did you join the pension from your start date? My own statement is similar because I didn't get enrolled in the pension until 3 months after I started with the company, probably because I didn't have a contract those first 3 months.
When I/We all joined RM it was a full time contract on a 43 hr
Week.

Then it could possibly be as Robert says down to strike days over the years? seems like a lot of strike days though.

Post by **NorthernBoy** » 04 Oct 2020, 11:37

Given that most people on here generally know more than average about pensions and are still having difficulties understanding the new statements, just wait until next week when everyone has received them. The pension centre will be flooded with calls and emails about the figures, it will be a nightmare for the admin staff!

vmaxv4 · Post by **vmaxv4** » 04 Oct 2020, 11:39

RobertT wrote:
vmaxv4 wrote:
Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!
My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?
Possible reasons:

You joined the pension scheme after you joined the company.
Time spent working part time will be a pro rata amount of pensionable service.
Strike days or unpaid leave will be taken away from total service.

Ah!! Strike days ( Our office was notorious for having the most strikes back then)

Post by **chocolatesaltyballs** » 04 Oct 2020, 11:45

NorthernBoy wrote:Given that most people on here generally know more than average about pensions and are still having difficulties understanding the new statements, just wait until next week when everyone has received them. The pension centre will be flooded with calls and emails about the figures, it will be a nightmare for the admin staff!

I personally wouldn't have a clue if it wasn't for RobertT and a few others and I reckon the majority of posties are the same. Not that they're stupid just that most haven't bothered to check over the years and have trusted the company to get it right. Thanks RobertT for your invaluable input on this board.

vmaxv4 · Post by **vmaxv4** » 04 Oct 2020, 11:49

chocolatesaltyballs wrote:
NorthernBoy wrote:Given that most people on here generally know more than average about pensions and are still having difficulties understanding the new statements, just wait until next week when everyone has received them. The pension centre will be flooded with calls and emails about the figures, it will be a nightmare for the admin staff!
I personally wouldn't have a clue if it wasn't for RobertT and a few others and I reckon the majority of posties are the same. Not that they're stupid just that most haven't bothered to check over the years and have trusted the company to get it right. Thanks RobertT for your invaluable input on this board.

I’ll second that...

Post by **freespeech** » 04 Oct 2020, 14:52

vmaxv4 wrote:
Jefferson Starfish wrote:
rks wrote:Anyone know why total service is showing about 8 years short than it should, on mine ?
Read RobertT's post up thread!
My Total Service with RMSPS is quoted as 32 years and 300 days. Using a online calculator from my start date I get 17th Feb 2012 ?

RMSPS will be service up to 31st March 2012.......the odd few days you are out is probably because the pension join date and the service date are slightly different?