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Old 23rd September 2019, 19:18   #10
Darcydog
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Quote:
Originally Posted by jackatesme View Post
I retired 12yrs ago,at 62.Worked continually for 47 yrs.I receive about £860 every 4 weeks.If i remember right when i had my 1st pension statement,it stated it was extra because i contracted out for 5yrs. Which i can't remember anything about that. I just hope they have not made a mistake,and will want some money back in the future. I've spent it.
That will be the old SERPS/S2P plus the basic OAP. It would NOT have been EXTRA because you contracted out - it would have been decreased a bit and your Contracted Out contributions would have accrued in a Private Pension or the Contracted out element of your employers pension.

So I suspect - the Pension you receive from your employer has benefits from the main scheme AND benefits termed “Protected Rights”.
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