Historical Pension Payments

Barny1979

Is there a way of getting a statement showing what payments I have made in my various jobs? I was in a private company and made pension payments, transferred that into my Local Authority pension in 2009 and then started at another Local Authority in 2015. Would be interested to see whether all payments have been accounted for and how much has been paid in.

kidmugsy

Your LA payslips should show your contributions: all you need check is that they have assigned you the correct number of years/months as a contributor. (If it's a DB scheme then the amount you contributed typically wouldn't matter, unless you contributed to AVCs or the like).

The private company scheme - again, wouldn't payslips be the thing? Or, presumably you should have received some paperwork explaining the transfer at the time. At least the LA must surely have told you how many years/months of membership you'd be credited with? If not, ask them I'd think. Their record-keeping must show that otherwise they'd have no idea how much pension to pay you.

Barny1979

kidmugsy wrote: »

Your LA payslips should show your contributions: all you need check is that they have assigned you the correct number of years/months as a contributor. (If it's a DB scheme then the amount you contributed typically wouldn't matter, unless you contributed to AVCs or the like).

The private company scheme - again, wouldn't payslips be the thing? Or, presumably you should have received some paperwork explaining the transfer at the time. At least the LA must surely have told you how many years/months of membership you'd be credited with? If not, ask them I'd think. Their record-keeping must show that otherwise they'd have no idea how much pension to pay you.

Unfortunately I do not have payslips that date back 17 years

hyubh

Barny1979 wrote: »

Is there a way of getting a statement showing what payments I have made in my various jobs? I was in a private company and made pension payments, transferred that into my Local Authority pension in 2009 and then started at another Local Authority in 2015. Would be interested to see whether all payments have been accounted for and how much has been paid in.

As kidmugsy says, given your pensions are all DB, unless you've also taken out an AVC, payments are irrelevant.

Did you transfer the first LGPS pension membership into the second? (Wouldn't have happended automatically.) If you did, then you should be getting two annual benefit statements, otherwise one covering all if it.

The statements should include a 'service history' table, with a line for the private sector transfer-in bookending your earliest LA period. As the LGPS was final salary in 2009, this would have bought you additional 'reckonable service' (years and days, perhaps just days if small). On transferring, you should also have received details of what this was calculated on (i.e. the transfer payment); so long as the reckonable service from the transfer in is the same on your latest statement compared to the transfer-in documentation at the time, it should be fine.

Barny1979

Yes, I transferred the LGPS into my current employment.

Silvertabby

Barny1979 wrote: »

Yes, I transferred the LGPS into my current employment.

Then everything will be on your one annual benefit statement. As kidmugsy and hyubh say, you won't see your actual contributions on the statement, as they are irrelevant. It's your service and pensionable pay that count.

What is your reason for asking? Is it just curiosity - or are you thinking along the lines of 'how much you could get back'? If it's the latter, then stop right there - a refund of your contributions is just not on the cards.

Barny1979

Nope, not thinking of a refund!

Silvertabby

Barny1979 wrote: »

Nope, not thinking of a refund!

.... if I could count the times I've been asked that question !

Barny1979

Silvertabby wrote: »

.... if I could count the times I've been asked that question !

Yeah, just curiosity

LHW99

Don't know about the LGPS, but for some other DB schemes, they would say when you transferred a pension in from outside how many "years" equivalent the money "bought" you.
What records of that transfer do you have?

Barny1979

It bought me just under 3 years in the LGPS