Final Salary Pension, now in a lesser job
Discussion
My wife was in an NHS Final Salary Pension Scheme some years ago, decent job, good salary etc.
She has recently taken on a new role in the NHS after a number of years away but on a lesser salary.
It seems her new employer is maybe paying into the old scheme looking at the Superan reference number.
Will this affect her final salary pension? I assume logically it will.
Anyone in the same predicament?
She has recently taken on a new role in the NHS after a number of years away but on a lesser salary.
It seems her new employer is maybe paying into the old scheme looking at the Superan reference number.
Will this affect her final salary pension? I assume logically it will.
Anyone in the same predicament?
She was in the 1995 Scheme which she transferred to a Scottish NHS Scheme in 2004 but left to start a family in 2005.
She has recently started a lower paid job with NHS Scotland and worried she might have her pension based upon the new lower salary. She's 55 in a months time. Having read that everything could be transferred to the 2015 Scheme will she now not be able to retire until 65/66 (It was 60 in the old scheme).
She has recently started a lower paid job with NHS Scotland and worried she might have her pension based upon the new lower salary. She's 55 in a months time. Having read that everything could be transferred to the 2015 Scheme will she now not be able to retire until 65/66 (It was 60 in the old scheme).
I'M not exactly sure of the rules, but this is why I haven't actively sought a job back in the NHS, as going in at a lower pay scale again will effect my final best 3 years pay which would be inflation adjusted since I left.
The new scheme moves your retirement age up with the state pension age and as it moves I'm likely to cork it before I ever get the pension. :-)
The new scheme moves your retirement age up with the state pension age and as it moves I'm likely to cork it before I ever get the pension. :-)
Hello, yes, the rules when you read them are not the simplest are they, three different schemes with very different arrangements, makes it complicated for anyone going back into NHS. Depends upon time away, age now and time until retirement amongst other things as you probably realise.
If you are "moving up" it might be fine but going back to a lesser paid role gets to be tricky.
If you are "moving up" it might be fine but going back to a lesser paid role gets to be tricky.
She should contact her employer or NHS Pensions BSA, which has the administration responsibility for the NHS Pension Scheme, and ask them for an explanation etc. If she is not satisfied with what they say she could then contact the office of the Pensions Ombudsman's Early Resolution Service and ask them to investigate matters. If she still is not happy she can ask the Pensions Ombudsman for a formal adjudication which is legally binding on all parties.
Googling these organisations will get their contact details.
R.
Googling these organisations will get their contact details.
R.
The Leaper said:
She should contact her employer or NHS Pensions BSA, which has the administration responsibility for the NHS Pension Scheme, and ask them for an explanation etc. If she is not satisfied with what they say she could then contact the office of the Pensions Ombudsman's Early Resolution Service and ask them to investigate matters. If she still is not happy she can ask the Pensions Ombudsman for a formal adjudication which is legally binding on all parties.
Googling these organisations will get their contact details.
R.
Thanks, having gone around the houses last night on the various web sites for the NHS she's going to call the Pension People this morning, I think she will have protected rights to the old pension and the new one will be paid with it but separately but it's the fact that she has the same superann number that is causing concern.Googling these organisations will get their contact details.
R.
Doesn't help that she had a long running English one that was transferred to a Scotland one then after a long break, started a lesser job back in England before moving north again...
For one thing, the 1995 pension benefits she's paid into cannot be moved into a later scheme without her permission. So unless she's signed a form somewhere along the line, she should still be entitled to those benefits at 60 if she chose to retire then.
Clearly she'll be in the 2015 scheme since she re-joined and that element will not be payable until 66/67.
In Scotland, you can log on-line to see your accrued benefits on an annual statement. It's on the SPPA website.
Clearly she'll be in the 2015 scheme since she re-joined and that element will not be payable until 66/67.
In Scotland, you can log on-line to see your accrued benefits on an annual statement. It's on the SPPA website.
rossub said:
For one thing, the 1995 pension benefits she's paid into cannot be moved into a later scheme without her permission. So unless she's signed a form somewhere along the line, she should still be entitled to those benefits at 60 if she chose to retire then.
Clearly she'll be in the 2015 scheme since she re-joined and that element will not be payable until 66/67
I don’t think you can start taking 1995 pension if you are still contributing to the 2015 scheme Clearly she'll be in the 2015 scheme since she re-joined and that element will not be payable until 66/67
She rang the pension organisers today
Because she has been out of the 1995 for so long it is "secure" and she'll be able to claim that from 60
BUT if she is still working she will not be able to contribute to the current pension scheme if she claims it.
She cannot claim the current pension until she's 67
She hasn't been in the new system long enough to have anything show on her account on the web site
Thanks to all who offered advice
Because she has been out of the 1995 for so long it is "secure" and she'll be able to claim that from 60
BUT if she is still working she will not be able to contribute to the current pension scheme if she claims it.
She cannot claim the current pension until she's 67
She hasn't been in the new system long enough to have anything show on her account on the web site
Thanks to all who offered advice
Edited by Skyedriver on Tuesday 23 October 21:25
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