Civil Service Pension Query

pauln

Hi,

Just received a quote from MyCSP for partial retirement.  The final salary element of my pension has been based on a pensionable earnings figure that is about 9% less than my current salary.

I realise there are different ways this figure is calculated and it won't be exactly the same as my current salary but at a minimum I thought it should be at least the value of my last 12 monthly wage slips but it's also less than my previous salary before my last inflationary pay rise.

Are there any reasons it should be that low? E.g. are NI payments deducted or something?  Or is it just an admin error?

I have rung the MyCSP hotline and (after waiting 45 mins to speak to someone) was told that it was for "back office" to deal with and that would take 10 working days so thought I'd ask here as well.

Thanks

hugheskevi

Immediate things that spring to mind are:

(1) Is all of your salary pensionable, and has it always been? Are there any non-pensionable allowances within total salary?

(2) Are you aged under 55?

(3) What do your past Annual Benefit Statements show pensionable earnings as in recent years - are they as expected?