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Pension supplement lump sum
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aled34
- Posts: 10
- Joined: 29 Mar 2013, 14:27
- Gender: Male
Pension supplement lump sum
I know you don’t get the supplements if you carry on working at Royal Mail after your NR 60/65 age, but was wondering, if you did carry on working after your NR 60/65 , does the supplement get included in your total pension pot for the 25% lump sum element of your pension? Seems unfair to not get anything if you keep on working!
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freespeech
- MDEC
- Posts: 762
- Joined: 28 Jun 2007, 16:35
Re: Pension supplement lump sum
I can't see how it would if you are still working. Surely it should be based on your entitlement depending on your choices....which, for you, is remaining at work so no supplement and no consideration of this in the LS.aled34 wrote: ↑20 Jan 2021, 08:18I know you don’t get the supplements if you carry on working at Royal Mail after your NR 60/65 age, but was wondering, if you did carry on working after your NR 60/65 , does the supplement get included in your total pension pot for the 25% lump sum element of your pension? Seems unfair to not get anything if you keep on working!
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RobertT
- EX ROYAL MAIL
- Posts: 6645
- Joined: 09 Sep 2007, 14:26
- Gender: Male
Re: Pension supplement lump sum
There was someone on here a few weeks back who had asked the PSC the same question, and they'd said that if you're still in RM employment the supplement isn't included when working out the total pot value and so the max lump sum.
Links to all RM pension related websites are here