POA Circulars

67 | 24.08.2015


It has come to the National Executives attention that some of our members who left the classic and premium pensions and transferred into Alpha are of the belief that the pension would be frozen and index linked.

This is not the case it is the reckonable service that is frozen, both pensions are still final salary pensions and will be based on the salary you are on when you retire.
Therefore, the National Executive would urge all members who are contemplating part time working and have frozen reckonable service in classic or premium seek financial advice on how this will impact on their pension.

Could you please bring the contents of this circular to the attention of our members.
Thanking you in anticipation of your support and co-operation.

Yours sincerely

General Secretary