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Pension Protection Fund
nottingham13
Posts: 128 Forumite
Say if a firm went into administration and I had a final salary scheme.
When I retire I know that I will only get 90%, but every year will my pension increase?
Thanks
When I retire I know that I will only get 90%, but every year will my pension increase?
Thanks
0
Comments
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Pension that you earned after 6 April 1997 will increase each year when you retire, by 2.5% each year or by inflation if less.
Pension that you earned before 6 April 1997 won't increase when you retire.I am a trainee actuary, and really enjoy talking about pensions, economics and my job. But I suppose I should point out that all replies are for information or discussion only, and shouldn't be taken as advice: everyone's circumstances and pension schemes will be different.0
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