Upcoming changes to CS Alpha early retirement factors and McCloud

MoosMum

Have seen this mentioned in another post but have been unable to source any further information trawling the internet.
I took CS classic pension this year but deferred  taking Alpha (transferred in April 2022) . Reason for this was twofold, awaiting McCloud calculations  comparing Classic/Alpha and also amount of actuarial reduction I would incur.
Looking at the current tables if I take Alpha 4 years before NRA  I will still be 20% down but will this change with the new factors?
May I also ask if anyone can explain how this will all unravel if I choose to go back and take Alpha pension from 2015 under the McCloud judgement. Will the new factors apply ? I understand pensioners will be contacted from October this year. Many thanks .

horsewithnoname

I wouldn’t think the McCloud time period would be affected, they are unlikely to apply the new factors retrospectively. 

I must admit I saw the other post and have been looking to see what it might mean. Still as I doubt I’ll retire before my SPA it probably won’t affect me anyway. 

MoosMum

horsewithnoname said:

I wouldn’t think the McCloud time period would be affected, they are unlikely to apply the new factors retrospectively. 

I must admit I saw the other post and have been looking to see what it might mean. Still as I doubt I’ll retire before my SPA it probably won’t affect me anyway. 

My thoughts were that as I haven't taken Alpha yet , would the new factors apply ?I have absolutely no idea and the whole McCloud issue is quite difficult to navigate!