Frozen final salary pension- date difference help please

Silvertabby

hyubh wrote: »

What is the 'col' in 'Apply col' short for? It's a bit ambiguous what exactly the '2.9%' is about - the fact your final pay packet was for one and a bit months? Or that you could some sort of automatic rise on 1 April?

Even if the latter, your 'final pensionable salary' would unlikely be literally your salary on leaving. E.g., it could be an average of your salary over your final 12 months, so you would only get the benefit of the rise in a pro-rated fashion given you only enjoyed it for less than a month. However, the definition of 'final pensionable salary' applicable will be scheme-specific, e.g. it might average to even further back.

That said, is 10/04/03 the last day of reckonable service (i.e., day of leaving the pension scheme) quoted by the pension scheme administrator? Because the details you've now quoted at least confirm that this should be the case.

col = cost of living (increase).

In the case of a final salary scheme, final pensionable pay usually reflects pensionable earnings over the final 365 days - ie, in this case 355 days at the old rate and 10 days at the new.