ChatterBank4 mins ago
Will I get a full state pension?
5 Answers
I was 60 in October so with the new rules will get my state pension next May.
I worked from 16 to 58 for the same company when I took early retirement,so thought I would be entitled to a full state pension. I have checked on line with the Pension Service and this appears to be the case from the prediction I got. My friend from the same company,very similar service who took early retirement at the same time got her pension immediately (as she was born a year earlier than me and was subject to the old rules), was expecting to get the full pension (she had done a calculation on line which gave her a prediction) however when she got it it was about £25 short of the prediction. On querying it with the Pensions Service she was told that the reason was because her employer had opted out or opted in (can't remember which) of SERPS for a number of years so her state pension was reduced with the difference made up in her company pension.
My question is that as I am subject to the new rules (i.e. I need only 30 years NI contributions) to get a full state pension will the extra years I have contributed be offset against the time my employer opted in/out of SERPS so giving me a full pension. I rang the Pension ~Service and the person I spoke to said Yes that is this case and I would get a full pension but I am not sure if she fully understood what I meant as rambled on and I think I may have confused her but it was a bit difficult to explain. Hope you have understood what I mean and someone can advise
I worked from 16 to 58 for the same company when I took early retirement,so thought I would be entitled to a full state pension. I have checked on line with the Pension Service and this appears to be the case from the prediction I got. My friend from the same company,very similar service who took early retirement at the same time got her pension immediately (as she was born a year earlier than me and was subject to the old rules), was expecting to get the full pension (she had done a calculation on line which gave her a prediction) however when she got it it was about £25 short of the prediction. On querying it with the Pensions Service she was told that the reason was because her employer had opted out or opted in (can't remember which) of SERPS for a number of years so her state pension was reduced with the difference made up in her company pension.
My question is that as I am subject to the new rules (i.e. I need only 30 years NI contributions) to get a full state pension will the extra years I have contributed be offset against the time my employer opted in/out of SERPS so giving me a full pension. I rang the Pension ~Service and the person I spoke to said Yes that is this case and I would get a full pension but I am not sure if she fully understood what I meant as rambled on and I think I may have confused her but it was a bit difficult to explain. Hope you have understood what I mean and someone can advise
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