General (General discussion, talk about anything.)
Whups, like I've already said, you only get what you've paid in. If your mates have paid nothing in, they'll get nothing back. If they've paid a bit in, they'll get a bit back. Simple.
If they'd 'opted out' of serps, and put what they saved into another pension, they'd be getting that back now (that was the idea promoted by the NUM).
If they 'opted out' of serps, they'd get a few extra quid in their pay packet every Friday. If they chose to 'get a new car'or 'have a few more pints' with it, well, they'll get nothing.
I'll only be entitled to pension from 11 years worth of contributions,about a third of the basic payment.
But I'm not complaining about it.
The miners pension I get isn't a lot, but it's better than a kick in the dick.
When I'm 66 (three years off) both my state pension and miners pension, added together, won't be as much as people get if they'd paid the full 30 years in.
Replied: 7th Jul 2021 at 13:09