Pensions Update

Pension update

The £95,000 cap on exit payments was passed through parliament on the 30th September 2020 and was to be applied in just 21 days so will impact on some of the people being made redundant at Croydon.

https://www.unison.org.uk/get-help/knowledge/pensions/local-government-pension-scheme/95000-cap-lgps/

The 2020 Pension statements are now available online. Please ensure that you are signed up to the self-service log in and check your details. https://intranet.croydon.gov.uk/news/annual-pension-benefit-statement-now-available-0

Also check that you have completed an expression of wish form using this link https://www.croydonpensionscheme.org/media/1605/nomination-form-beneficiary.pdf

UNISON members are entitled to a free initial 30 minute consultation with Lighthouse who specialise in pensions advice concerning public service pension schemes. They also provide preferential rates to UNISON members. You can get further information by going to http://www.lighthousefa.co.uk/affinity_groups/unison.aspx or phoning them on 08000 85 85 90.

You can contact UNISON’s Pensions Unit by e-mailing pensionsm@unison.co.uk or calling 020 7121 5406.