Repayment of pensions

jem16

pioneer22 wrote: »

Pensionable Employment is any period of full or part-time employment between the ages of 18 and 75, where you’re entitled to receive not less than half your salary and on which pension contributions were paid, including sickness absence or, where you’re in receipt of statutory family leave.

What do you make of that?

The Scottish scheme makes it clearer by saying;

Less than two years pensionable employment on or after 6th April 1988;
Less than five years pensionable employment at any time other than above;

I take that to mean it's 2 years service after 1988 but if service had been before 1988 it would have been 5 years. From what I remember it used to be 5 years service to qualify for deferred benefits.

So as her service is after 1988 then it's 2 years that apply to her.

pioneer22

jem16 wrote: »

The Scottish scheme makes it clearer by saying;

Less than two years pensionable employment on or after 6th April 1988;
Less than five years pensionable employment at any time other than above;

I take that to mean it's 2 years service after 1988 but if service had been before 1988 it would have been 5 years. From what I remember it used to be 5 years service to qualify for deferred benefits.

So as her service is after 1988 then it's 2 years that apply to her.

Thanks again thats what I thought but you cant interpret what isnt written thank you again

pioneer22

jem16 wrote: »

The Scottish scheme makes it clearer by saying;

Less than two years pensionable employment on or after 6th April 1988;
Less than five years pensionable employment at any time other than above;

I take that to mean it's 2 years service after 1988 but if service had been before 1988 it would have been 5 years. From what I remember it used to be 5 years service to qualify for deferred benefits.

So as her service is after 1988 then it's 2 years that apply to her.

Surely we could argue that though its not clear

jem16

pioneer22 wrote: »

Surely we could argue that though its not clear

I would doubt it as it will be very clearly written in the scheme rules which they must follow.

How much do you think she will get back minus tax and NI compared to what she would get by leaving it where it is?

hyubh

pioneer22 wrote: »

Thats a quote directly from the replayment form that I have copied.

This form I assume:

https://www.teacherspensions.co.uk/~/media/Files/Documents/Members/Forms/Repayment%20v10%200215.ashx

The wording is a contraction of regulations 22 and 54 in the current version of the scheme:

http://www.legislation.gov.uk/uksi/2010/990/regulation/22/made
http://www.legislation.gov.uk/uksi/2010/990/regulation/54/made

Regulation 22 states that one of the conditions of being able to have a refund is not being entitled to retirement benefits; regulation 54 says that a member will be entitled to retirement benefits if they have at least 2 years membership since April 1988, or at least five if they have less than 2 years post-April 1988 but some pre-April 1988 membership as well.

That said, as Jem says, a refund would be foolish anyhow.