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Government changes to State Pensions from 6 April 2016

These changes do not affect Scheme members who are over State Pension age now, or who reached State Pension age before 6 April 2016

The new State Pension coming in from 6 April 2016 replaces the current Government scheme. You’ll be paid the new State Pension if you're eligible, and if you are:

  • a man born on or after 6 April 1951
  • a woman born on or after 6 April 1953

Men and women born before those dates will – assuming they are eligible - receive the State Pension under the current arrangements.

Currently the Scheme is ‘contracted out’ of part of the State Pension (known as the ‘State Second Pension’), meaning that active members below State Pension age pay 1.4% lower National Insurance contributions on the relevant part of their earnings. As part of the changes, ‘contracting out’ will cease, so those members will no longer benefit from that reduction from 6 April 2016, therefore their National Insurance contributions will increase. The corresponding National Insurance contribution rate for the Company will also increase by 3.4% of relevant earnings.

From what age is the State Pension paid from?

The Government has previously announced that the age when people will get their State Pension is also changing. You can find out what this means for you at www.gov.uk/retirement-age.

Forecasting the future

For people with defined benefit pensions, it’s important to understand exactly how much you will be due from the State when you come to retire. You can request a forecast as follows:

  • If you have already reached State Pension age: you can call the Pension Service on 0800 731 7898 to get a statement. The Pension Service helps with State Pension eligibility, claims and payments.

Paying more

Some people may be able to make additional contributions to top up their State Pension but there are many factors to consider when weighing up whether this is right for you. You can use the State Pension top up calculator at www.gov.uk/state-pension-topup to find out more.

These links are useful for information on all aspects of the State Pension:

Neither the Trustees nor UKPO can advise you in relation to your State Pension or the forthcoming changes.


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