need some to explain something to me please

blues

Maybe ask the same question on the TES forum. They have a pensions section and lots of knowledgeable people on there

goldenoldie12

why is there so many people who respond with irrelevant answers to questions posted on here basically saying don't ask on here , This forum is about questions on pension and about seeing if some could answer them nothing else .if you can't help me with questions asked , don't reply simples , no need to answer with a rude comment .
I am hoping some one on here will have some in sight and might be able to give an answer to the question I asked.

xylophone

Presumably you became eligible for state pension in 2009 - are you drawing your state pension?

Are you saying that you became eligible to draw your FS Pension in 2009, did not claim your pension but continued in your post/another teaching post without a break in service?

You continued to contribute to the Scheme?

How many years pensionable service do you have?

https://www.teacherspensions.co.uk/members/faqs/scheme-membership/contributions-and-calculations.aspx

https://www.teacherspensions.co.uk/-/media/documents/employer/guides/accessing-benefits/conditions-for-accessing-benefits-in-the-tps--v103--13122017.ashx

"Enhancement" appears to apply to late retirement in the NPA65 Final Salary arrangement.

Are you now about to apply for your pension?

The Administrator should be able to explain exactly how your benefits are calculated.

coyrls

goldenoldie12 wrote: »

why is there so many people who respond with irrelevant answers to questions posted on here basically saying don't ask on here , This forum is about questions on pension and about seeing if some could answer them nothing else .if you can't help me with questions asked , don't reply simples , no need to answer with a rude comment .
I am hoping some one on here will have some in sight and might be able to give an answer to the question I asked.

Because there is no single technical meaning for either enhancement or uplift; the meaning will be specific to an individual scheme. The best way to find the answer to your question will be to consult your scheme rules, unless there is somebody who reads your post who is also in your specific scheme and who already knows the rules well enough to answer.

goldenoldie12

that's why I put teachers pension .
I have worked full time from 1968 till present and looking to retire early next year .
NPA60 till 2007 NPA65 from 2007 till present .

looking at teachers pension on line I should get up lift for NPA60 and enhancement for NPA65
why i asked what the differencr is between the two . and what each one means .
was hoping someone might be able to shed light on this for me . I know i could ask the teachers pension , but i wanted to ask on here first as it is a forum for asking questions about pension , didnt think it was a forum for people to be rude to you .

BobQ

goldenoldie12 wrote: »

why is there so many people who respond with irrelevant answers to questions posted on here basically saying don't ask on here , This forum is about questions on pension and about seeing if some could answer them nothing else .if you can't help me with questions asked , don't reply simples , no need to answer with a rude comment .
I am hoping some one on here will have some in sight and might be able to give an answer to the question I asked.

lots of reasons including not reading your post, not understanding it and you not including all the information needed to answer the questions.

All DB schemes are different. Some schemes have different sections as the scheme is updated. Without stating which of the TPS sections you are in it is difficult to respond.

What matters is the Scheme Rules. . To me Uplift and Enhancement are probably the same thing, but what matters is how they are defined in your scheme.

Whatever word you use, your question appears to be about whether by delaying drawing your pension you qualify for extra penson. Some DB schemes do this (even the state additional pension does that) but not all. So it maybe your scheme does or maybe it does not. Unless you find a person with knowledge of the TPS on here you ought to look to another forum.

Have you asked your union?
Have you written to the scheme administrators?

BobQ

goldenoldie12 wrote: »

that's why I put teachers pension .
I have worked full time from 1968 till present and looking to retire early next year .
NPA60 till 2007 NPA65 from 2007 till present .

looking at teachers pension on line I should get up lift for NPA60 and enhancement for NPA65
why i asked what the differencr is between the two . and what each one means .
was hoping someone might be able to shed light on this for me . I know i could ask the teachers pension , but i wanted to ask on here first as it is a forum for asking questions about pension , didnt think it was a forum for people to be rude to you .

It is not a forum to be rude but neither can it guarantee an answer. The information above it more precise. Uplift is explained in here:

https://www.teacherspensions.co.uk/~/media/Documents/Member/Documents/Factors/Retirement/TPS%20Late%20Retirement%20Factor%20Guidance%20FS%20Section%201%20April%202015.ashx

I am not 100% sure but I suspect that "enhancement" might refer to unearned increases such as in the case of medical retirements where the increase is not related directly to contributions.

goldenoldie12

BobQ thanks for your response , for some reason your post only shos 3/4 of each sentence could you post it again please .I am not looking for a guaranteed answer , just looking at what the diff is between uplift and enhancement in context with late retirement in the teachers pension .
I am retiring and a widow some no one will reason a pension when i pass , i asked for advise on this from the TEACHER PANSION about accessing more of my funds as i am a single widow , they said they can not give me adise but said probably get independant advise . Does anyone think i could access more of my funds eary bcause i am 72 just retiring and single widow with no pension to pass on when i am gone.

goldenoldie12

ignore post above spell check gone nuts!!

BobQ thanks for your response , for some reason your post only shos 3/4 of each sentence could you post it again please .I am not looking for a guaranteed answer , just looking at what the diff is between uplift and enhancement in context with late retirement in the teachers pension .
I am retiring and a widow so no one will recieve a pension when i pass , i asked for advise on this from the TEACHER PANSION about accessing more of my funds as i am a single widow , they said they can not give me adise but said probably get independant advise . Does anyone think i could access more of my funds early because i am 72 just retiring and single widow with no pension to pass on when i am gone

zagubov

I have visited the website and using their calculator, it suggests that as you've worked hour pension and lump sum are 20% longer due to paying in more. However, you've been paying in for 20% longer, and I can't see any increase that might reflect your different post-retirement life expectancy.

The TPS website has a document that suggests that if you contribute more than 45 years into a final salary, your additional payments are refunded.

Your situation sounds different; it sounds like you have a mix of a FS and CARE pension which seems unusual to me considering your long career.

I find it frustratingly difficult finding out what ought to be a very straightforward fact.

In your shows I'd be tempted to go to the tPS website and use their ask a question form to ask:

"I've been paying into the Final salary scheme for 50 years and am 10 years past my retirement of 60.
If I retire now I expect my pension to be higher because of the additional years I have been paying.
I also expect it to be higher because of the index linkage.
Will there also be an actuarial increase due to my reduced life expectancy?"