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Old 16th Sep 2011, 15:13
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embo
 
Join Date: Sep 2011
Location: Tewkesbury
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pension reduction

I also just received my letter from xafinity. My reduction amounts to £244.29p an 8.15% reduction.
It appears that all Public sector pensions are subject to this rule; however most are restricted to a much lower reduction, a teachers pension, for instance, is restricted to £1.70 per annum for each year of service, to a maximum of £54 per annum, other public service pensions are to a maximum of £67.75 (pension manual).
I shall certainly be speaking to my MP about this.
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