General   (General discussion, talk about anything.)

It's nothing to do with "the NUM". Leave them out of it.
If an individual employee paid into the serps scheme, they will get paid accordingly.
30 years worth of payments into the scheme gets you the full basic pension.
It follows that 15 years payments gets you 1/2 of the basic pension.
20years of payments will get you 2/3 of the basic pension.

If an employee "opted out" (ie: stopped paying into the scheme) after 20 years, they'll be getting 2/3 of their basic pension, the amount of which depends on their age and when they claimed pension.

Example:- put £1 a week into your piggy bank for 20 years.When you smash it open you'll have £1040.

However, if you stop putting your £1 a week into it after, say, 10 years, when you smash it open you'll only have £520.

I've no doubt you'd blame that on the tories too!