Hi Hugh, sorry I am also one of them that would do as my Parents would.
was very hard to break the mould, but getting thier and I am very private.
Not into giving much away. but how I feel below.
Today I just got my State Pension letter included was an increase of a couple of pounds
No extras like the Guaranteed Minimum Pension as should be stated below.
Is this a fair for all process as Mr. Brown the unelected PM stated only a few days ago.
The prudent man that has ruined our country sold gold at the cheapest as a Chancellor when Labour was first elected.
Then has gone on to squander on anything except the people, but made sure they the MP Get Pay rises and full expenses.
Even fiddle them with no fear of the law or even get thrown out of their jobs for fiddling.
However he can then rip off the pensioners for a few quid, how prudent.
And arrange for the cover up of the worst expense claims that were not authorized.
My Question is as a pensioner have I got any rights to challenge this and claim
recompense, for the loss of my G M P pennies.
So far the Answer is no chance
Note this below is a paragraph from a letter from my employer when I retired.
I changed the company names, SEEMS WORTHLESS NOW.
As its name implies, the Guaranteed Minimum Pension is a minimum amount we are
obliged to pay you at State Retirement Age, not an additional amount. The GMP
amount was included in your main BIM pension when you retired from BIM, but it is
only at age 65 that the guarantee comes into effect, and we are required to make the
following adjustments to your pension:
• The GMP element of your pension is shown separately on your payslip. This
is because the government is now responsible for paying the increases on this
element of your pension and by identifying it separately different rates of
increase can be applied. This is further split into a GMP element that accrued
before 1988 (on which BIM will pay no increases and the government will
fully index link) and the GMP that accrued after 1988 (on which BIM will pay
increases up to 3% and the government will increase any excess). These
increases paid by the government will be included with your State Pension.
The other element, your basic C Plan pension, will be subject to BIM's
pensions increase policy, details of which were included in our letter of 27
January 2009.
