View Full Version : Angry and Confused
As some of you know I retired from work on ill health about 2 years ago, since then I have been collecting my works pension plus whats called a 'top up' from my employers that took me up to a liveable sort of wage. Yesterday got a pay slip through the post and my top up had decreased by £230, quite a big chunk of the total, rang into the factory, no one in the office. Got on the phone today after a very sleepless night to be told that they are right and due to %'s of pay increase compared to %'s of pension increase blah blah blah my money would be down this amount from now on. I have sat all day and cannot get my head around any of it, they haven't rang me back with any more detail which they promised, it isn't the sort of place you can walk into of the street and demand to see someone, you'd have to get past the armed police first, its one of those situations where your on the outside , can't make any idea of it all and no one to turn to. Suffice to say this has very serious repurcusions on my family income/outgoings.
Spoke to a good friend off this BB this morning, he confirmed that if I didn't have bad luck I'd have no luck at all, looks like its time to sell a few toys at big loses and tighten up the purse strings...........again.
Its never easy , :(:(
Luck Paul
That's shite Paul. Keep the chin up though.
They should have contacted you I'm sure before just reducing your payments.
is this another spitting the dummy out post?
sorry couldnt resist :rolleyes:
That's shite Paul. Keep the chin up though.
They should have contacted you I'm sure before just reducing your payments.
Dermot, your right, the girl I spoke to said letters were sent out to beat the payslips and explain things, still no sign of the letter ...:confused:
Still hoping they have made a mistake somewhere, told the wife I was worth more deed, she said to make sure I label all the car keys before I do out daft ...........:eek::D
Banishit
24-02-2009, 16:30
they are never done beating you when you are down are they
hope you get sorted mate
hi yea.
you need to get the details of the top up booklet that is available from employers and a legal right for all to have access to. In this it will define the terms of the avc and what can be done.
start there and then you'll have good grounds to fight back. This sounds like a mistake. Even with no rpi or nae increase was there such a decrease to justify the reduction. You'll also need to know when and how often is this revalued. Was this pointed out to you when you retired and opted for the annunity from the top up that you have today. Did the main portion of the final salary pension drop as drastic, as this should be linked together.
Thankfully in this day you have a lot of protection and the fsa and ombudsman do work well.
keep the chin up and just start the ball of with the above.
cheeRS
Derek
Gutted for you Paul :mad:
Can give you 50p for the TR7 :p
hotrs2000
24-02-2009, 17:13
Sorry to here this Paul, don't sell anything yet, follow the advise from rsderek as it sounds very good, keep your chin up and hope gets sorted
talk about kicking a man when hes down these companys nower days dont give to hoots keep ya chin up matey
What about CAB - Citizen's Advice Bureau Paul?
Frosticles
24-02-2009, 18:39
Sorry to hear this paul. Hope you get it sorted son.
Most pension products are linked to the stock market and that has taken a massive dive in recent times.
really sorry to hear this paul, hope its a mistake and things work out ok for you and the family
Dave1800BDA
24-02-2009, 19:09
not good to hear son, better luck soon paul
wetandwindy2
24-02-2009, 20:31
What about CAB - Citizen's Advice Bureau Paul?
was going to say the same good even if just for info
keep yer chin up son, may be time to open up ruddy's restorations, maybe start with frosty's!!
oldskooljoe
24-02-2009, 20:34
sorry to hear this Paul:(
hope it get's better for you soon m8:)
oldskooljoe
24-02-2009, 20:35
keep yer chin up son, may be time to open up ruddy's restorations, maybe start with frosty's!!
Then he can do your old knacker:D sort the rot out !!!!!!!!
It dont sound too good paul, hope you get to the bottom of it and get sorted sharpish
Mr. Escort
25-02-2009, 09:41
Not good at all Paul......Just another negative story I keep hearing from good old Blighty, the country thats suppose to look after you until you die......Yea right.....
When the last one leaves please turn out the light....
Well as of this morning I was taking my ex employer to the small claims court as they had broken the law in deducting money from my pension without informing me in writing beforehand, this was resolved this afternoon and they have agreed to do a cash transfer and give the money back ....so that sorts this month.
Next month is a far more complicated story .......:(:banghead::banghead::argue:
I should have stayed at work with my feet on the desk and picked up my pay every month like the rest of them ...........eh Geoffers :D
graham John
26-02-2009, 16:42
Well as of this morning I was taking my ex employer to the small claims court as they had broken the law in deducting money from my pension without informing me in writing beforehand, this was resolved this afternoon and they have agreed to do a cash transfer and give the money back ....so that sorts this month.
Next month is a far more complicated story .......:(:banghead::banghead::argue:
I should have stayed at work with my feet on the desk and picked up my pay every month like the rest of them ...........eh Geoffers :D
get back down to Bridgend and spend it then..........:D
cheeRS
get back down to Bridgend and spend it then..........:D
cheeRS
I think £60 and 3 points of mine is already being discussed in Swansea ..:D
Dave1800BDA
26-02-2009, 16:59
I think £60 and 3 points of mine is already being discussed in Swansea ..:D
do they know who you are
will this affect you bus driving job:D
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