Buying back years of reckonable service

L

Late Starter

New Member
Messages
4
I'm new to this and don't really understand the whole public sector pension scheme very well. My question is can I buy back reckonable years in the public service for a period when I also made private pension contributions?
 
Are you in the Single Scheme or one of the older pension schemes (pre-2013)?

There is no Notional Service option in the Single Scheme although there is a facility to purchase additional pension benefits.
 
These would not be notional years, they would be actual worked eligible years for which i didn't previously contribute to the pension scheme, so not sure if that is allowed if i also contributed to a private pension?
 
I can't see why not.

What sort of private pension was it? Did you also have other employment at the time?

Do I take it that you are not in the Single Scheme?
 
Sorry, it wouldn't let me post for 1 hour as I'm new - I am on the pre 2004 scheme and I was working for the organisation for 2 years but not in their pension scheme. I remember once I joined the pension scheme they said I could not have a private pension anymore - but that seems to have changed now with AVCs etc. hence my question. Had no other employment and it was a bank pension contribution but only a small amount.
 
Just apply to buy back this service via your HR/Pension department. I don't suspect that there will be any difficulty - other than the potentially quite difficult one of getting the service verified.
 
You must log in or register to reply here.
Menu
Log in
Register