updates on FBU, Civil service pensions

Tayloriw1 · 19 September 2019 at 1:21PM

anyone had any updates on pensions for fire brigade and police etc after winning there case a few months ago

poggs · 20 September 2019 at 2:39PM

THe government agreed to report back by the 27th September with a plan encompassing all the state pension schemes.

However there is the suggestion that the government is preoccupied with something else at the moment and will request an extension until after 31st October.

xylophone · 20 September 2019 at 6:43PM

However there is the suggestion that the government is preoccupied with something else at the moment

I wonder what that might be?:)

swindiff · 23 September 2019 at 11:04AM

Does this also impact the NHS pension scheme?

chubsta · 23 September 2019 at 1:11PM

swindiff wrote: »

Does this also impact the NHS pension scheme?

I believe it was established and acknowledged by the government that it applies to all those who were put on the Alpha scheme.

Would be nice if they stopped taking that 2% they have been overcharging us in contributions for the last 4 years in the meantime...

Andy_L · 23 September 2019 at 1:30PM

swindiff wrote: »

Does this also impact the NHS pension scheme?

Yes - it applies to all Public Sector schemes that allowed existing members who were near retirement to stay in the old schemes but moved younger members onto newer schemes

swindiff · 23 September 2019 at 1:35PM

Cheers
Would be good news for my wife who is planning on retiring at 60. She has some 1995 section pension built up that would not be reduced, but everything in the 2015 section pension would be reduced for taking the pension 7 years early. If this is the case she could take all her pension without reduction at 60

swindiff · 23 September 2019 at 1:37PM

If this is age discrimination, why would it only apply to public sector schemes. Surely the same could be said for private sector schemes that have been changed in a similar way. I, for example am in the USS and exactly the same happened to our pensions.

Andy_L · 23 September 2019 at 2:02PM

swindiff wrote: »

If this is age discrimination, why would it only apply to public sector schemes. Surely the same could be said for private sector schemes that have been changed in a similar way. I, for example am in the USS and exactly the same happened to our pensions.

The principal does. However the results of the court-case only apply to the Government run schemes as it was the Government not, in your case, the Universities who was/were taken to court

swindiff · 23 September 2019 at 3:06PM

So are there likely to be challenges to private schemes which have done the same using this as a precedent. I don't think that would necessarily be a good thing as it could potentially bankrupt schemes that don't have the backing of the UK government (taxpayer)