Public sector payrise

[Deleted User]

Will the public sector pay rise also affect the public sector pension? 

jimi_man

Hmmm. Well yes, in that the increased pay will increase the amount of pension contributions and so the eventual pension. Is that what you mean?

I don't really understand the question?

MX5huggy

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

[Deleted User]

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Marcon

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

No. It's a pay rise (i.e. for those currently working), not a pensions rise.

[Deleted User]

Marcon said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

No. It's a pay rise (i.e. for those currently working), not a pensions rise.

Don't MPs counts public sector workers? 
Just a thought 

jimi_man

Deleted_User said:

Marcon said:

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

No. It's a pay rise (i.e. for those currently working), not a pensions rise.

Don't MPs counts public sector workers? 
Just a thought 

Yes they do count and have done for at least the last five years. That's why their pay is currently frozen as well. There is some suggestion that they will veer off this according to IPSA, though whether this transmits to better or worse increases remains to be seen.

Will MPs’ pay rise outstrip public sector workers’? | The Week UK

Thrugelmir

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Never has previously absolutely no reason for a change in policy now. 

Dazed_and_C0nfused

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Would you gamble the 3.1% you will be getting against whatever the average civil service pay will increase by?

drummersdale

If the “independent” review body recommend more than 2% I would be flabbergasted 

Silvertabby

Deleted_User said:

MX5huggy said:

Not for those receiving their pensions or those  deferred (not contributing) (unless there’s a particular scheme that has some link to average earnings) pensions in payment increase by inflation.

Obviously those who are currently employed and receive pay rises will increase their pension entitlements in the future as their salaries rise.

Presume your not taking about the State Pension, which has the triple (double) lock. 

I am talking about pension payments for those already on CS pensions 

Your increase has already been announced - 3.1% from next April.