Civil Service Classic pension

marky_b_2

Hugh, I know you had previously said there was no getting around abatement for Premium 

Do you agree with what the guy had posted about no abatement on Classic 

Or do you think this can't be done with any of the pension schemes?

Cheers

hugheskevi

marky_b_2 said:

Hugh, I know you had previously said there was no getting around abatement for Premium 

Do you agree with what the guy had posted about no abatement on Classic 

Or do you think this can't be done with any of the pension schemes?

I can't comment on classic.

In Premium and Classic Plus there is no getting around abatement, nuvos no getting around it either but that doesn't really matter as nuvos pension is actuarially enhanced for late payment, and alpha is unaffected by abatement. Partnership is a completely different scheme so abatement is not relevant there either.

Suzycoll

marky_b_2 said:

I work for the Civil Service and we have an internal communications board called Trusted Voices.

One of the posters on there has said that he has taken his 31 years service Classic pension and continued to work full time as an Admin Officer aged 58 and his pension has no abatement.

He said the wording around the Classic pension scheme is that if you wish to take Classic and continue working then you have to leave the Civil Service Pension scheme, he has joined Partnership and has said this breaks the link.

He said the wording has been changed for Alpha in that you have to go Partial retirement or quit your job in order to claim your pension

I have tried a search but cant find the rules which mention this, but I am wondering if the same wording would also apply for the Premium pension scheme?

Not that I am doubting him but can anyone confirm if this is true ref the classic pension and working full time.

I work with a few people aged close to 60, who are being told that the department cant accommodate any more partial retirement's in the future.

They are wanting to work by 60, I have mentioned to them about the above classic situation but I have also advised them that they would be taken a big hit on their Alpha pension so they'd really need to work out the best scenario for their circumstances.

Cheers

hi Mark

I part retired a few years back in order to access my Classic pension, in order to do this I had to reduce my working hours. I now pay into Alpha on my part time wage . I will be able to access my Alpha pension at 67 or earlier (with less money obviously).
In response to your question I believe the Partnership scheme is not linked to the CS but is a private scheme? Maybe this is why he was able to carry on working full time? I know that anyone in classic who wishes to claim their pension  has to reduce their hours if they wish to keep on working in CS or otherwise resign from CS. I think it is the same also for Alpha scheme 

Therefore i don't think it is true that you can keep on working full time as a CS if you have accessed your classic or Alpha  pension

The civil service pension scheme website may have more info than me though ! . Try this 

Claiming your pension - Section 05 - Civil Service Pension Scheme