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Mil Pension payment date

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Old 21st Oct 2014, 23:23
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Mil Pension payment date

Has anyone's pension payment date (that is if you originally had it set for a date apart from "the end of the month") been moving to the right over the last couple of years?

Ta

gr.
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Old 22nd Oct 2014, 01:08
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My retirement date/pension date is the 21st. I can see from my BACS statement that my "pay" is released on, or about, that date depending on holidays/weekends. My "pay" hits my US bank account between 24th-28th (again depending on w/e etc) It's remained the same for the last few years.

Hope that helps?
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Old 22nd Oct 2014, 08:31
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Mine's always been paid on my retirement date. If they moved it right I'd feel I was losing out!
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Old 22nd Oct 2014, 08:53
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I retired a little under 2 years ago and my last day was the 16th, but my pension has always been paid on or near the 12th of the month.
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Old 22nd Oct 2014, 09:02
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Mine hits the bank on my retirement date or the last week day before it if it falls on a weekend.
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Old 22nd Oct 2014, 09:20
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I left on the 31st, my (EDP) 'pension' is paid on the 28th (or the previous Friday if that falls on a weekend) and is always in the bank on that date.

I don't recall having the option to choose the payment date and have never been entirely sure why it's paid when it is. My birthday is the 28th so maybe it's that?
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Old 22nd Oct 2014, 09:38
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I retired on 11 Sep 94 and my first pension payment was 14 Oct. For the last 20 years it has always been paid on the 14th of each month except when the day is a weekend or public holiday. Then it has been paid early.
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Old 22nd Oct 2014, 10:06
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I retired on the 17th of the month, pension has always been paid on the 15th.
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Old 22nd Oct 2014, 11:29
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Ret 19th , paid on the 15th ever since.

Eternally grateful to HMG, UK Taxpayer ... and myself for a good career decision back in 1965
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Old 22nd Oct 2014, 11:35
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Retired 20th Sept.

Always been paid, and still is on the 11th (preceeding friday for w/e)
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Old 22nd Oct 2014, 11:37
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Retired on 17th been paid into my Greek bank account on the 15th ever since I moved to there (15 yrs).
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Old 22nd Oct 2014, 19:34
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Thanks chaps, I have confirmed, by phone with Equiniti, that my date HAS been changed twice. I now have to write them a nice letter asking for it to go back to the original date and wait.

thanks for your replies.

gr.
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Old 22nd Oct 2014, 19:42
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I'd be interested to hear why. Especially as they clearly didn't agree the changes with first.
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Old 22nd Oct 2014, 20:14
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Glad rag,

I wouldn't write them a letter - I'd verbally raise a complaint with them requiring them to tell you why their actions have created uncertainty, distress and inconvenience, asking them for a figure to settle and confirming, in writing, that your payment date will revert.
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Old 23rd Oct 2014, 10:27
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I was retired on the 31st, I receive my pension on the 25th - earlier if the date falls on a weekend or bank holiday.
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Old 23rd Oct 2014, 17:34
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Retired on the 22nd, always paid on the 20th or earlier. My monthly payment has, thankfully, never been late.
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Old 23rd Oct 2014, 19:10
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Mine has always been the 15th of the month (retired on the 31st). Always thought it depended on your surname's position in the alphabet, but don't know where I got the idea from.

Does it really matter, so long as it comes ?
 
Old 23rd Oct 2014, 20:19
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Yes, it does. In very simplistic term, all I can manage in such matters, the concern may be that a 15 day (for example) shift to the right could lose you half a month's pension. Sure, it should all be adjusted accordingly, but given the obvious uncertainty expressed here, it's understandable that folks are concerned.
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Old 23rd Oct 2014, 20:28
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Mine is paid on the 28th. If the 28th happens to be a Sat/Sun, then it's paid on the previous Friday.

No problems over the last (crikey!) 11 years....
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Old 23rd Oct 2014, 22:10
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If you rely on it to pay Direct Debits or Standing Orders it possibly would matter. Out of interest, I checked today. Mine has been regularly paid for 10 years or so on the 20th (notwithstanding weekends etc) or so I have always assumed. This month though, it didn't go in until today. I shall keep a beady eye on it!
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