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  • FIRST POST
    • kuepper
    • By kuepper 2nd Aug 18, 9:32 PM
    • 671Posts
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    kuepper
    Bit baffled by Guaranteed Minimum Pension
    • #1
    • 2nd Aug 18, 9:32 PM
    Bit baffled by Guaranteed Minimum Pension 2nd Aug 18 at 9:32 PM
    Had state pension since 2013 and also had a pension from working in local govt


    I realised this year that my personal local govt pension annual increase was less than the 3% quoted. When I queried this I was told the balance to make it up to 3% was paid by the state as part of my state pension and this had been part of the 2016 changes. This didn't sound right and I asked for a fuller explanation.



    After various exchanges I was sent the link below which purportedly "details responsibilites on funds for increases in pensions during the period of contracting out i.e. when you paid into the fund for any period during 1978 to 1997." Those dates include my 16 years service. The text the link takes you to is parliamentary gobbledegook to me. Can anyone explain this briefly in language a lay person would understand so I know if i'm being treated right? Thanks!


    https://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN04956#fullreport
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