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Public Service Pension Schemes

Apologies if this is in the wrong place, MOD's please feel free to relocate.

I re gently received a letter from the Civil Service Pensions Office announcing a consultation on changes to the transitional arrangements to the 2015 scheme.

Instead of repeating everything stated in the letter I have attached photographs of it instead. Has anyone else had a copy of this? And do you understand exactly what it all means.

The letter says a lot, but doesn't really tell me what I really want to know. Ultimately does it mean an increase or decrease in Civil Service Pensions?

TIA.
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Apologies if this is in the wrong place, MOD's please feel free to relocate.

I re gently received a letter from the Civil Service Pensions Office announcing a consultation on changes to the transitional arrangements to the 2015 scheme.

Instead of repeating everything stated in the letter I have attached photographs of it instead. Has anyone else had a copy of this? And do you understand exactly what it all means.

The letter says a lot, but doesn't really tell me what I really want to know. Ultimately does it mean an increase or decrease in Civil Service Pensions?

TIA.View attachment 499783View attachment 499785
It reads as very similar to the Armed Forces consultation. Basically, if you were in service before 31 March 2012 and after 1 April 2015 you were forced onto the 2015 scheme unless you were a certain age. This has been deemed in breach of age discrimination laws. To sort it the government are going to give options.
If you’ve already retired you will get an immediate option of whether to stay on 2015 scheme for the period after 1/4/15 until pension point or to go back to your old scheme. This is because a small number of people might be better off staying on the new scheme.
If you are still working and in the scheme they are asking whether you would like to choose now or at pension point whether to change back. This is because a small number of people might be better off staying on the new scheme.
So it comes down to: 1. have you retired yet?
2. If not, do you want to decide now (April 22) or at retirement whether to change back?
If you are still working and in the scheme in April 22 you will be forced over onto the new scheme then regardless of age as they’ll have removed the age discrimination and can move everyone over again and not put age discrimination in this time.
 
For your specifics you should be able to access the calculators on the Pensions portal

Different schemes were introduced at different times, we had options to go onto newer schemes for a period, and if we hadn’t then we were moved over at a later date.
The benefits between each scheme vary such as retirement date, full / part pension and the balance between tax free lump sum and monthly pension.
You need to see what schemes you are on for what periods and to know both the benefits and disadvantages of any changes you can opt for
 

Daxx

MIA
Book Reviewer
If you are indeed a retired club swinger, get someone to either read the letter to you as it has big words or convert it into pictures :)


However, the response from @shouldknowbetter is the answer to your question. You could also ring CSP and chat it through with them.
 
If you are indeed a retired club swinger, get someone to either read the letter to you as it has big words or convert it into pictures :)


However, the response from @shouldknowbetter is the answer to your question. You could also ring CSP and chat it through with them.
Wasn't sure whether to give you a like, funny or informative for that one. But decided on the funny because it made me chuckle.

I am indeed a retired club swinger and not so civil Civil Servant. I retired in August 2016 so whatever happens it only affects one year of my pension. I will have a look at the calculator. If I have any difficulties I will ask you to draw some nice pictures for me.

No smut.

Yours aye.
 
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It appears you are going to get fücked over, then once you’ve been fücked over, Equiniti Paymaster will manage your pension incompetently then completely ignore you trying to address the issue.
 
I very recently started a CS job and the pension options open to me are Alpha or Partnership. I'll need to make my decision fairly soon but am not sure which would be the best to go for bearing in mind I only have 12 years to go before reaching state retirement age. My grade on starting is equivalent to EO with the prospect of reaching HEO level in 2 - 5 years. I'm unlikely to reach SEO level before I retire. Any informed advice welcome.
 
I very recently started a CS job and the pension options open to me are Alpha or Partnership. I'll need to make my decision fairly soon but am not sure which would be the best to go for bearing in mind I only have 12 years to go before reaching state retirement age. My grade on starting is equivalent to EO with the prospect of reaching HEO level in 2 - 5 years. I'm unlikely to reach SEO level before I retire. Any informed advice welcome.
Whichever of the options your senior management "encourage", take the most polar opposite one.
In HMCE, we were constantly told to join/switch to whatever the latest all singing and dancing new scheme was being introduced, I'm extremely glad I took the advice of the old and bold and stuck to the Classic scheme.
 
I very recently started a CS job and the pension options open to me are Alpha or Partnership. I'll need to make my decision fairly soon but am not sure which would be the best to go for bearing in mind I only have 12 years to go before reaching state retirement age. My grade on starting is equivalent to EO with the prospect of reaching HEO level in 2 - 5 years. I'm unlikely to reach SEO level before I retire. Any informed advice welcome.
Details on the schemes are at:

Under Alpha you pay in a pension contribution each month as a percentage of your salary

Under Partnership you don’t have to pay any contribution - but that way only the government contribution goes into the pot.
If you opt to make a contribution then the government also matches it with additional contributions (up to a limit)
With Partnership you decide on if your money is better off now in your salary (and the option of investing elsewhere) or put into the pension scheme
You end up with a smaller pension if you contribute nothing or only a little.

But you ideally already have something in a pension waiting for you. If you end up with too high a pension then you could be looking at tax disadvantages.

You will need some calculations on a number of options:
Alpha with set percentage contributions
Partnership with no contribution
Partnership with some contribution (and extra government top ups)
Partnership with a higher contribution

And also how each of those could be affected by other pensions / investments
 

Teeblerone

Old-Salt
I very recently started a CS job and the pension options open to me are Alpha or Partnership. I'll need to make my decision fairly soon but am not sure which would be the best to go for bearing in mind I only have 12 years to go before reaching state retirement age. My grade on starting is equivalent to EO with the prospect of reaching HEO level in 2 - 5 years. I'm unlikely to reach SEO level before I retire. Any informed advice welcome.

From what I've heard, you're 'expected' to stay in a job for 2 years, but there aren't many disadvantages in changing often.
Any union advice available?
 
From what I've heard, you're 'expected' to stay in a job for 2 years, but there aren't many disadvantages in changing often.
Any union advice available?
I have a probation period of about 6 months so as long as a) I feel the job is right for me and I wasn't mistaken by taking it, and b) they feel I am right for the job and weren't mistaken by employing me (the whole point of probation periods), then I will be in the job for at least 5 years before I even consider looking into other opportunities of career progression and those opportunities may very well not necessarily mean an increase in grade or salary but more a change in specialisation in a different business area of the organisation. But if that happens it's only likely to happen once.

I have never before been in a union - I was very anti-union being brought up in the 70s when the unions were ruining the country - but given the nature of the job I think it is essential I do join one. The one I will be joining is non-political. I'm not sure the union would offer pension advice.
 
Details on the schemes are at:

Under Alpha you pay in a pension contribution each month as a percentage of your salary

Under Partnership you don’t have to pay any contribution - but that way only the government contribution goes into the pot.
If you opt to make a contribution then the government also matches it with additional contributions (up to a limit)
With Partnership you decide on if your money is better off now in your salary (and the option of investing elsewhere) or put into the pension scheme
You end up with a smaller pension if you contribute nothing or only a little.

But you ideally already have something in a pension waiting for you. If you end up with too high a pension then you could be looking at tax disadvantages.

You will need some calculations on a number of options:
Alpha with set percentage contributions
Partnership with no contribution
Partnership with some contribution (and extra government top ups)
Partnership with a higher contribution

And also how each of those could be affected by other pensions / investments

My basic understanding of Alpha is that I get 2.32 % of my salary in my annual pension for each year of service but I don't know if I can increase it by making additional contributions. Something I need to read more into.
 
It appears you are going to get fücked over, then once you’ve been fücked over, Equiniti Paymaster will manage your pension incompetently then completely ignore you trying to address the issue.

Never a truer a word spoken.

But luckily does not apply to me, ex AFPS 75 and pre Civil Service Pension Scheme 1986 (Renamed Classic).

The good thing about the Civil Service Scheme is that it has been brought back in house and managed MyCSP.

Phone MyCSP and ask your questions. I have always found them to be accurate and truthful.
 
Whichever of the options your senior management "encourage", take the most polar opposite one.
In HMCE, we were constantly told to join/switch to whatever the latest all singing and dancing new scheme was being introduced, I'm extremely glad I took the advice of the old and bold and stuck to the Classic scheme.

CLASSIC is for winner's.
 
I have a probation period of about 6 months so as long as a) I feel the job is right for me and I wasn't mistaken by taking it, and b) they feel I am right for the job and weren't mistaken by employing me (the whole point of probation periods), then I will be in the job for at least 5 years before I even consider looking into other opportunities of career progression and those opportunities may very well not necessarily mean an increase in grade or salary but more a change in specialisation in a different business area of the organisation. But if that happens it's only likely to happen once.

I have never before been in a union - I was very anti-union being brought up in the 70s when the unions were ruining the country - but given the nature of the job I think it is essential I do join one. The one I will be joining is non-political. I'm not sure the union would offer pension advice.
2 year minimum in jobs is now only a box ticked against a role (certainly in the MoD)
If going for a promotion then the two years wouldn’t count anyway.
You can apply for any jobs as long as you meet the criteria of them, and see what happens
At the same grade the difference Is just experience in other roles, on promotion it’s a different level of responsibility and more money

The union will have access to advice in some areas,but the best source is via MyCSP. They stick to the facts and understand the pros and cons of each option. From anyone else it’s just an opinion

The union’s ‘represent’ all of the eligible grades in the sense that they are at the negotiation table for pay - so it doesn’t matter in that sense whether you are in or out.
If you aren’t in the union then you don’t have access to their advice or support in other areas - but you can always join at any time
There are ‘active’ people in the unions but there’s no requirement to down tools and man the picket line
 
My gripe is that the enforced change of pension scheme was a contributory factor in me taking early retirement.

I can feel a strongly worded letter in harsh font coming on.
 
My gripe is that the enforced change of pension scheme was a contributory factor in me taking early retirement.

I can feel a strongly worded letter in harsh font coming on.

Don't waste your time and increase your blood pressure.

Enjoy the 'FREEDOM' and the monthly pension payments in your bank account.

Live a 'LONG' and healthy life and continue to receive the pension for as long as possible.

That will show them.

In my old Civil Service Job a large number of pensioners died within the first 12 months of retirement.

Beat them at there own game and 'LIVE FOREVER'.
 

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