Final Salary Pension

[freespeech]

It doesn't sound like a promotion to me, just a change of job.

In the context of this post (to preserve pay increases linked to FS), it doesn't need to be a promotion. For the link to continue the job change needs to be in the same job "family". If it is outside of the family, regardless whether it is a promotion or not, the link is lost.

[RobertT]

Yes, that clears up the definition!

The official RM info on this is:

Any promotional pay awards while members stay in their 31 March 2014 “Pay Grade Grouping” (or PGG for short) flow through to increase both Career Salary Defined Benefit (CSDB) pensionable pay and Final Salary pensionable pay

Any promotional pay awards if members move to a higher PGG than applicable at 31 March 2014 flow through to increase CSDB pensionable pay but do not increase Final Salary pensionable pay.

Taken from here: https://www.myroyalmail.com/pensions/rm ... nsultation

To be honest I'm still non the wiser whether Duran's final salary benefits would increase or not.

[Duran]

Yes, that clears up the definition!

The official RM info on this is:

Any promotional pay awards while members stay in their 31 March 2014 “Pay Grade Grouping” (or PGG for short) flow through to increase both Career Salary Defined Benefit (CSDB) pensionable pay and Final Salary pensionable pay

Any promotional pay awards if members move to a higher PGG than applicable at 31 March 2014 flow through to increase CSDB pensionable pay but do not increase Final Salary pensionable pay.

Taken from here: https://www.myroyalmail.com/pensions/rm ... nsultation

To be honest I'm still non the wiser whether Duran's final salary benefits would increase or not.

Exactly. Doesn't make it clear for NRA60 Final Salary only CSDB Pensionable pay. Which is only 8 years.