Understanding both pension statements

[Wat69]

I have now received both pension statements from RMSPS and RMPP and am trying to understand what it means for me

I’m section C as joined in 1989 so currently 31 year’s service

According to both statements here are my figures
Age 60 = basic pension £5857.10. Pension supplement £1136.90 Pension increase £1566.66 + £175 from RMPP statement. Total age 60 £8735
Age 65 = basic pension £586.56. Pension supplement £113,71. Pension increase £156.86 + £2147 basic and £ 375 supplement from RMPP Total age 65 = £3377

Plus cash balance of £8378

Does this look about right for 31 years service basic postman salary not London plus PHG allowance of £20 per week

Thanks

[RobertT]

I have a little more service than you, although I was part time for a few years when I first started.

Compared to my figures, yours look about right, but how does your total pension compare to previous years?
That's what you should be looking at really.

[Wat69]

Hi Robert

Last statement received last year has following

Final salary pension at 31/3/19 £6412 + £3518 CSDB blocks total pension = £9930
Plus supplement of £1677

However I’m not sure how to separate the 2 nra on this statement?

Thanks

[RobertT]

You can only really work out approximate figures from the previous few years of statements because they were in final salary(up to 2008) and CSDB(2008-2018) format, rather than NRA60(up to 2010) and NRA65(2010-2018).

If you want to do that, it's just a case of finding the average annual CSDB value by dividing by 10, and then adding 2 of those years to your final salary figure to get your NRA60 and the other 8 years are your NRA65.
But that will only give ballpark figures.

[Stef]

I joined in 1989, section C, 31 years service, not London, not PHG, full time basic pension
Total NRA60 £8317
Total NRA65 £3211
Cash balance £7833
Checked last years pension statement from 31st March 2019 and my figures are around £600 less than your figures. I would say your figures are fine and your PHG £20 has made the small difference compared to mine.

[Dindin]

I joined in 1989, section C, 31 years service, not London, not PHG, full time basic pension
Total NRA60 £8317
Total NRA65 £3211
Cash balance £7833
Checked last years pension statement from 31st March 2019 and my figures are around £600 less than your figures. I would say your figures are fine and your PHG £20 has made the small difference compared to mine.

I started the same time my nra 60 is £8472 my nra 65 is £824 can this be right?

[RobertT]

I joined in 1989, section C, 31 years service, not London, not PHG, full time basic pension
Total NRA60 £8317
Total NRA65 £3211
Cash balance £7833
Checked last years pension statement from 31st March 2019 and my figures are around £600 less than your figures. I would say your figures are fine and your PHG £20 has made the small difference compared to mine.

I started the same time my nra 60 is £8472 my nra 65 is £824 can this be right?

Are you going by just your RMSPS statement?

You should have had your RMPP statement by now, or if not it should be with you soon. That will have NRA65 figures on it too!

[Dindin]

I joined in 1989, section C, 31 years service, not London, not PHG, full time basic pension
Total NRA60 £8317
Total NRA65 £3211
Cash balance £7833
Checked last years pension statement from 31st March 2019 and my figures are around £600 less than your figures. I would say your figures are fine and your PHG £20 has made the small difference compared to mine.

I started the same time my nra 60 is £8472 my nra 65 is £824 can this be right?

Are you going by just your RMSPS statement?

You should have had your RMPP statement by now, or if not it should be with you soon. That will have NRA65 figures on it too!

Thanks for the advice Robert T there's an extra £2021 on that makes me feel better.