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PCSPS. Frozen Classic Benefits.

I’m 51 and plan to retire at 60.
I have 27 odd years frozen in the old Civil Service classic pension and moved into the new CARE scheme in 2015, having recently gone part time I understand fully that my new pension will be calculated when I leave on my career average earnings since 2015 (I think!).
On what figure will my old pension be calculated on?
Any help appreciated.
“Britain- A friend to all, beholden to none”. 🇬🇧

Comments

  • hugheskevi
    hugheskevi Posts: 4,625 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I have 27 odd years frozen in the old Civil Service classic pension
    It is not 'frozen' - you are still an active member of the scheme, just not accruing any more years of service.
    I understand fully that my new pension will be calculated when I leave on my career average earnings since 2015
    You accrue pension based on your actual earnings between 1st April and 31st March each year. That pension is then uprated by the change in prices each year.
    On what figure will my old pension be calculated on?
    In line with the classic scheme rules - your highest full-time equivalent earnings in the last 3 years before you leave (assuming you remain in alpha until you leave service).
  • Tromking
    Tromking Posts: 2,691 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Many thanks.
    “Britain- A friend to all, beholden to none”. 🇬🇧
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