world201812
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As a post 2013 entrant and long time lurker on the issue of public service purchase of notional service or equivalent for us recent entrants, I was alerted to this bit of news on purchasing notional service, or referable amounts as it is called now.
[broken link removed]
Anyhow, I’m trying to make sense of the 40 page document and interested in getting some other opinions on it. How does it look? Is it value for money?
I have a few questions.
In terms of eligibility, it refers to ‘must have completed vesting period’……
Am I right in thinking for example, if I joined Public Sector in January 2019, then it would be January 2021 before I could purchase years/referable amounts?
In terms of transferring in previous pensions from previous employers, my read of the document is you don’t need to be in the scheme for two years to transfer in a ‘pot’ from previous place?
Also, is my normal retirement age 67 or 68, or 66?
Any input greatly appreciated.
[broken link removed]
Anyhow, I’m trying to make sense of the 40 page document and interested in getting some other opinions on it. How does it look? Is it value for money?
I have a few questions.
In terms of eligibility, it refers to ‘must have completed vesting period’……
Am I right in thinking for example, if I joined Public Sector in January 2019, then it would be January 2021 before I could purchase years/referable amounts?
In terms of transferring in previous pensions from previous employers, my read of the document is you don’t need to be in the scheme for two years to transfer in a ‘pot’ from previous place?
Also, is my normal retirement age 67 or 68, or 66?
Any input greatly appreciated.