Hi can anyone tell me how the section c pension is calculated? I thought it used to be the best 12 months from your last 3 years service, but it closed in 2014 so would it be 2012 2013 2014 or the last three years I do before I retire?
Thanks
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C section pension
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RobertT
- EX ROYAL MAIL
- Posts: 6644
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: C section pension
Section C is still open, as is section A/B.
The final salary element of your pension(that's everything accrued up to 2008) was and I assume still is, worked out as either:
The pension you accrued between 2008 and 2018 via the CSDB/CARE scheme built up year by year and continues to grow with inflation.
See the current plan guide for more info: https://www.royalmailpensionplan.co.uk/ ... c_v3.3.pdf
You are presumably currently paying into section C of the DBCBS?
The final salary element of your pension(that's everything accrued up to 2008) was and I assume still is, worked out as either:
The above was taken from a previous RMPP plan guide, dated January 2011.1. your highest pensionable pay for any calculation year during the last three years of your reckonable service; or if greater
2. the highest average of your pensionable pay in any three consecutive tax years in the last 10 before you leave service, take your benefits or die.
The pension you accrued between 2008 and 2018 via the CSDB/CARE scheme built up year by year and continues to grow with inflation.
See the current plan guide for more info: https://www.royalmailpensionplan.co.uk/ ... c_v3.3.pdf
You are presumably currently paying into section C of the DBCBS?
Links to all RM pension related websites are here