My Civil Service Pension
Comments
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My civil service was frozen when I left in 2006. I think it was worth £4,800. I asked for an up to date statement recently and it had increased by approx £1,000.
Not sure why but I don't get sent annual statements.Perhaps the cabinet office are hoping some of us deferred members simply forget to claim?Who receives an Annual Benefit Statement?
To receive an Annual Benefit Statement, you must meet the following eligibility criteria:- You are an active member or an active pensioner member; or
- You were an active member or active pensioner member of either the Principal Civil Service Pension Scheme or alpha on 31 March 2017.
The Civil Service scheme has 339,000 deferred members. Postage costs alone would be £342,390 p/a (based on cost of a large letter, before volume discount). Add costs of preparation and printing costs and sending statements to deferred members would probably cost over half a million pounds each year.
So their reason for not issuing statements to deferred members probably has more to do with saving administrative costs and members not needing to know their pension has (unsurprisingly) increased by CPI rather than hoping members forget.0 -
hugheskevi wrote: »The Civil Service scheme has 339,000 deferred members. Postage costs alone would be £342,390 p/a (based on cost of a large letter, before volume discount). Add costs of preparation and printing costs and sending statements to deferred members would probably cost over half a million pounds each year.
So their reason for not issuing statements to deferred members probably has more to do with saving administrative costs and members not needing to know their pension has (unsurprisingly) increased by CPI rather than hoping members forget.
Scrounger0
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