Can they do this - make employees say who has to leave

JohnAndrew

Alter_ego wrote: »

Blimey they'd be gettin on by now.

Och Aye, not really - 63 is the new 21 up in Scotland. It's all the haggis hunting that keeps us nimble!

hyubh

JohnAndrew wrote: »

yes, one of my colleagues would benefit - I won't unfortunately.

And only one of the three of us has reached SPA.

When did you join the scheme? Any pension on service pre-April 2015 has an NRA of 65 (even if you haven't been in long enough to benefit from the rule of 85), not SPA.

JohnAndrew

hyubh wrote: »

When did you join the scheme? Any pension on service pre-April 2015 has an NRA of 65 (even if you haven't been in long enough to benefit from the rule of 85), not SPA.

I'm getting a quote from them - I'll know more when that arrives. I joined the scheme in 2006

hyubh

JohnAndrew wrote: »

I joined the scheme in 2006

OK, so no 85 year rule protections indeed. However,

• The point that you were incorrect to assume any effect on your final salary benefits by going part time still stands. All it would effect is the speed at which you accrue additional CARE benefits.
  
• Going after 65 will lead to an 'actuarial increase' on your final salary benefits, though going and drawing your pension before SPA will lead to an 'actuarial decrease' in your CARE benefits (and final salary benefits if before 65).
  
• Flexible retirement is at least a possibility (i.e. where you start to draw at least some of your pension to date, but continue to work with a substantive cut in hours or grade) - if that's of interest, you should enquire with HR.
  
• I think the main thing to consider is clearly your pension, not the thing you actually started this thread about

JohnAndrew

hyubh wrote: »

[*]I think the main thing to consider is clearly your pension, not the thing you actually started this thread about
[/LIST]

Ha! thank you - I think you are correct!