Some of us have occupational pensions as well as a State Pension.
Many occupational pensions were using the old Contracted Out system.
The State Pension, at present, has the triple lock.
Some occupational pensions have inflation rises capped, some at 3%, some at 5%, some possibly with the cap percantage being 5% for pension right gathered before some specific year and 3% for that gathered later.
There seems to be some quite complex system of who (State or Occupational Pension Fund) pays for inflation increases for part of a Contracted Out pension, with 100% by the State for pensions rights gathered before a certain date, 50% by each for some period after that, then all from the Occupational Pension Fund after that.
Does anyone know if the triple lock rate applies to part of the Contracted Out pension please?
Some of us also get a bit from the historical Graduated Pensions scheme for summer jobs when students and/or because some of us started work in the summer but entry to the employer's contracted out pension scheme only took place at the start of the next financial year.
Re painting metal bistro garden set
Army horses loose on London streets
To go through chemo therapy or choose not to?