Checking NI record and possible missing HRP. Old State pension, claimed from 2008.

FIREmenow

Thanks xylophone, we will look into it.

Out of interest, how does HMRC/DWP know how each person's GMP was revalued? Does the provide have to relay this at some point in the distant past?

I tried to look it up but I mainly found ideas from 2011 of how they could calculate derived benefit, and they seemed to be applied to everyone as a 'best case' using a set of assumptions rather than individual circumstances.

xylophone

 National Insurance Contributions Office (NICO) kept individual records of the GMP.

In the case of the Lloyds pension, when your mother left the scheme in 1984, NICO would have advised the scheme of the GMP at that point. All her GMP in this scheme was pre 1988.

You say that full rate revaluation was used by the Scheme (S148 Orders) - NICO would again have contacted the scheme when your mother reached age 60 (GMP age then and now for a female) with the resulting revalued amount.

You do mention that your mother joined the LGPS in the late nineties so a short period of service when she accrued a small post 88 GMP (to 5/4/97).

This too would have been advised to the LGPS when she reached age 60.

Does your mother have letters from Lloyds and from LGPS from when she brought the pensions into payment concerning increases on GMP in payment?

Lloyds has no obligation to increase pre 88 GMP in payment. It appears that the whole of your mother's Lloyds pension is pre 88 GMP.

Do you know whether she was permitted to commute the whole of her excess over GMP to create a Pension Commencement Lump Sum?

LGPS have the obligation to increase the post 88 GMP in payment up to 3% CPI - anything over this is paid with the state pension.

See

https://forums.moneysavingexpert.com/discussion/comment/74614460/#Comment_74614460

I am wondering whether the fact that your mother's COD is greater than her ASP is related to the interaction of the Lloyds and LGPS GMP.

At age 60 (2008) when she started to draw her SP, both GMPs would have been taken into account in calculating the COD.

LHW99

If your parents have sufficient currently for your mother to defer her SP, then there is an increase for every 9 weeks it is deferred, equivalent to around 10.8% if deferred for a year (I believe as it is the old SP).

If your father deferred it wouldn't be as good - it would be around 5.6% for a year's deferral.

However, it can be done even if you are already receiving the pension, and could help equalise provision if necessary.