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Possible pension from way back in 1967-69

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  • Linton
    Linton Posts: 18,253 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    In any case ‘I believe pensions from the 1960s would not be inflation linked so they would now be trivial.
  • LHW99
    LHW99 Posts: 5,304 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Linton said:
    In any case ‘I believe pensions from the 1960s would not be inflation linked so they would now be trivial.

    I had one from 1 year's work in 1975 - total value £100 when it got to NPA.
  • I traced my late mums pension from the gas board in the 1960's. She had never claimed anything from them and worked for them for 4 years in her 20's. They said they only have her dates of employment and nothing else (no details of salary etc). Also that when she left they refunded her the pension contributions. Also that to remain in line with the law that a small pension had to be retained. As she never claimed that and had now died that her estate is owed a grand total of £157.  So the lessons from this are that I guess it was worth the enquiry but employment and pension laws were not particularly beneficial to workers in the 60's. My mum would have gained more had she known about the pension and drawn it at the time but she wasnt aware. Very poor as she really needed every penny coming in. 
  • Silvertabby
    Silvertabby Posts: 10,226 Forumite
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    edited 6 November 2024 at 11:19PM
    lisag4123 said:
    I traced my late mums pension from the gas board in the 1960's. She had never claimed anything from them and worked for them for 4 years in her 20's. They said they only have her dates of employment and nothing else (no details of salary etc). Also that when she left they refunded her the pension contributions. Also that to remain in line with the law that a small pension had to be retained. As she never claimed that and had now died that her estate is owed a grand total of £157.  So the lessons from this are that I guess it was worth the enquiry but employment and pension laws were not particularly beneficial to workers in the 60's. My mum would have gained more had she known about the pension and drawn it at the time but she wasnt aware. Very poor as she really needed every penny coming in. 
    Pensions were a different world pre 1975.  Many schemes only paid out if the member remained employed until normal retirement age, hence your mum's refund of contributions.

    The small pension that had to be retained would have been her 'EPB' (equivalent pension benefit, in lieu of Graduated Pension which would have been paid in addition to the basic State pension).
     
    If it's any consolation, any pension due from that would have been miniscule.  The maximum was less than £50 a year for 15 years accrual, so your mum's 4 years entitlement could have been just a few pence a week.  The £157 you have been offered has probably been bumped up with interest for late payment.
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