Advice on Classic CSP i'll health retirement

hyubh

50Twuncle wrote: »

You have absolutely no idea as to the circumstances or anything else do you ?

I claimed only, (a) the civil service schemes are very generous, compared to modern private sector pensions, and (b) it is a misunderstanding to think unfair that an ill health retiree with a small number of actual years service can have their pension made up for more notional years than an ill health retiree with a large number of actual years. No ill health, no notional years; the ill health pension isn't a reward for valuable service, it (and any notional years added) compensates for the ill health. Not sure why you see I have 'absolutely no idea' with those points...?

50Twuncle wrote: »

I assume that you are also aware that we lose about £50 per week from the state pension through having a contracted out pension - also the pay wasn't exactly great when I was working

The benefits of a civil service pension go way, way beyond the additional state pension forgone for lower NI (even ignoring the possibly of getting it back anyway with post-16 qualifying years). To expect to have both is a bit... well, fill the blank. SERPS was for employees who didn't have the opportunity of a decent occupational pension - all public sector schemes were 'contracted out' at the off, by design, and were closely intertwined with the post-78 state pension.

DT2001

I’ve read the guide to the rules and am sure the interpretation is correct. Method A gives you a maximum of 20 years service so does not apply to you. Method B gives you the lesser of 6 2/3 years or the number of years to pension age (60 less your age 57) so 3.

Having dealt with administrators of my small DB scheme I know that the schemes rules take precedent over anything you have been told verbally or in writing. I assume that this is the case as everyone should be treated equally in the same circumstances.

Maybe greater enhancement to ill health pensions for people with less service compensates them for having a condition which is permanent younger (as there are restrictions on the maximum increases).

My small DB pension is made up of a large element of GMP so when I get to 65 half of it will not increase at all. It is also decreased at SPA. However my glass is half full as the rest of my working life has been self employed with no pension contributions from anyone other than me (ignoring tax relief) and building up a fund to buy an annuity to provide a small increasing pension from 60 is hard.

Be positive, you’ll get now what you would have got at 60

Trying_to_be_good

Your estimate is correct, given your length of reckonable service they will "round up" your reckonable service to your Classic normal pension age of 60, and pay you your pension from your retirement date without any actuarial reduction - so you'll get more pension, and early than it would normally be payable.

If my ill-health pension is recalculated on Classic terms (I'd already been switched to alpha), with 22 years service aged 44, I would get 6 years 8 months enhancement as that's maximum and is still less than age 60 total. If I were 53 years 5 months old, it would be rounded up to Classic normal pension age of 60 (but getting gradually less than 6 years 8 months enhancement).

swanny65

The scheme is going to enhance the OPs pension to that they would have got at age 60. As this is the the scheme retirement date why should the administrators pay any more ?

Yes you can now work after age 60 and many Civil Servants do. However i believe they now pay into the Alpha scheme after age 60 and receive an additional earnings related pension at age 67. Prior to this they would not have paid any pension contributions after age 60.

This seems perfectly reasonable to me - otherwise members could try for ill health retirement at 57, 58, 59 etc and get more than someone like me who will (good health permitting) work to 60 and be paid my classic as it is at 60

Early ill health retirement should be looked upon as an insurance - I knew the rule, pity my CSP appear not to, and i took it into account when deciding what insurances i need.