Would my Mum be owed pension?

Dani1987

Mum says she lost her birth certificate a long time ago... every question I put to her is met with 'I don't know'! :undecided

Would she not instead be potentially eligible for a payment calculated at 20.8% of her pension times the 14 years (2004 to 2018) she has not been receiving the deferral increase?

greenglide

Referral from 2004 may well be different to now though. There have been two changes.


There was the change in 2016 when the lump sum was dropped and the rate was reduced and a change before that (around 2009 or so?) when the lump sum was first introduced.



Presumably any corrective action would be applied under the rules applicable in 2004? Deferral is always based on the rules at SPa, they don't get rules applied retrospectively.

kidmugsy

greenglide wrote: »

There was the change in 2016 when the lump sum was dropped and the rate was reduced and a change before that (around 2009 or so?) when the lump sum was first introduced.

Presumably any corrective action would be applied under the rules applicable in 2004? Deferral is always based on the rules at SPa, they don't get rules applied retrospectively.

A very good point: I'd forgotten.

"changes in the Pensions Act 2004, improving the rewards for deferral to encourage flexible retirement (Cm 5677, ch 6, para 39-43) by:

increasing the amount of extra pension gained from 7.4% of the weekly rate for each full year deferred to 10.4% for each full year; and introducing the option of a lump sum for those who had deferred for at least a year."

The '95 Pension Act had introduced a larger reward wef April 2010 but then the '04 Act brought that forward to (I think) 2006, or maybe shortly afterwards.

woolly_wombat

Dani1987 wrote: »

Mum's sister looking into family trees etc and found the date of birth of my Mum being 1942 and not 1944. Just received her birth certificate from the General Register Office and it confirms 1942 as her birth year.

Good result!

Poking around in family trees can yield interesting outcomes. Now I understand the purpose of short birth certificates.