“
Firstly, are we talking about either retiring at age 65 or 3 days earlier (the A versus B shown in the first post)?

”
No, as far as I can see the OP is talking about his

**deferred FS pension with Barclays.**
It would appear that the normal retirement age for the Scheme was age 60 (virtually the norm for this type of Scheme) and the OP reaches his Normal Retirement Date for the Scheme on

** 3 Feb 2014.**
This would usually mean that the OP could take his full deferred pension without actuarial reduction.

That pension would [B]include the GMP[/B- thereafter, Barclays would increase the

** whole of the pension in accordance with their Scheme Rules** until the OP reached GMP age which in his case means virtually State Pension Age.

**For example**, suppose the Scheme pension at age 60 was £10000 per annum and the Scheme Rules stated that pensions would be increased by RPI as at December each year. That £10000

**includes the GMP.** At this point the Scheme Administrator should be able to give him the figures for his pre 88 GMP (x), his post 88 GMP (y) and the excess(z). Then x + y+ z =£10000.

The first December after age 60 RPI is 5% - therefore the pension becomes £10500 per annum. The £10500 will increase by RPI at the next December and so on until the December after the pensioner reached 65. Let us suppose at this point that the pension has reached £12,000 per annum and of that £12000, the amount of pre 88 GMP has now reached £2000 (x) and post 88 £750 (y) so that z (the excess) is now £7250.

Then the Scheme pays no increase on £2000, up to 3% or CPI inflation (whichever is the lesser of the two) on £750 and RPI inflation on the balance.

The point is that the GMP is always included in the pension at the date it is taken, it is not in addition to it.

What seems to me to be odd is that the OP has been quoted a pension amount that is £3000 higher

**three days before his NRD** and then that Barclays seem to be telling him (whichever of these figures is correct) that the GMP as calculated at his NRD is not within the amount.

I used to think that I understood GMP pretty well, but I confess to being utterly flummoxed and am hoping that Snowman can throw some light.