Civil Service Pensions

molerat

You would have exploded at my April payment then, only a 1.3% increase on the past 11 payments. But absolutely correct.

Scrounger

I only got 3.91% (plus 8.42% lump sum second-bite).

It's a tough life 😀

Scrounger

molerat

https://forums.moneysavingexpert.com/discussion/comment/80026392#Comment_80026392

It is not relavant

if you reached state pension age before 6 April 2016

and

you were working in the Civil Service prior to 6 April 1997

Only one applied to you, not both. That paragraph is relevant to the GMP paid to pre 2016 state pensioners. For post 2016 state pensioners the GMP element paid post state retirement, unlike with many private company pensions, is paid by the CSP and only applies beyond state pension age.

TadleyBaggie

https://forums.moneysavingexpert.com/discussion/comment/80026929#Comment_80026929

Ditto my FS pension, got a 3% rise on roughly 10% part of the pension, nothing on the other 90%.

MouldyOldDough

https://forums.moneysavingexpert.com/discussion/comment/80026964#Comment_80026964

So what different will happen to my Civil Service Pension Rises - come 2030 when I am receiving my state pension (which, incidentally should be maximised due to my making up my missing 7 years NI credits via HMRC making payments for me)

Silvertabby

https://forums.moneysavingexpert.com/discussion/comment/80027016#Comment_80027016

Nothing different - because you reach SPA after 2016.

molerat

https://forums.moneysavingexpert.com/discussion/comment/80027016#Comment_80027016

Nothing. It will carry on being paid in full unlike that of pre 2016 pensioners.

hyubh

https://forums.moneysavingexpert.com/discussion/comment/80027016#Comment_80027016

Aside from what the others have (correctly) said - if you had reached SPA before 6th April 2016, the 'missing' increase on any GMP would be paid with your state pension through the old contracted-out deduction mechanism (basically the COD would reduce). No civil service pensioner loses out, and in reaching SPA after 2016 you in fact benefit from full indexation on your GMP without any counterveiling loss of state pension rights.

GrubbyGirl_2

I presume this is the first April you have experienced since you took your pension so you're not familiar how it works? Presumably the civil service is the same as the NHS so you will receive your annual payment advice with your P60 which will show your April payment and then your monthly payment after that so you will see that from May onwards you will get the full uplift. My April payment was only 4.89% increase but the full 10.1% from May onwards. You're worrying over nothing

MouldyOldDough

GrubbyGirl_2 said:

I presume this is the first April you have experienced since you took your pension so you're not familiar how it works? Presumably the civil service is the same as the NHS so you will receive your annual payment advice with your P60 which will show your April payment and then your monthly payment after that so you will see that from May onwards you will get the full uplift. My April payment was only 4.89% increase but the full 10.1% from May onwards. You're worrying over nothing

This is the 13th April, that I have experienced since I took my pension - but all of the past ones have given me, perhaps a 1% rise - so hardly noticeable whether I actually receive 0.8% or 1%

It is only now - with a supposed 10.1% rise that it is really noticeable whether I receive the full amount