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Tier 1 medical retirement
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Mefranky2
Community member Posts: 1 Listener
I medically retired last year from LGPS with a tier one pension. I enquired if I was able to gain paid employment and what effect it would have on my pension. My old salary was 30k. My current pension is 12.6k. Does this mean I would need to earn less than 17.3k to stop my pension being reduced?
The reply from pension provider is below.
You cannot be better off after receiving tier 1 benefits, therefore we would compare your old salary VS your new salary + pension in payment. If your new salary + pension is higher, you could lose all the enhancement on your pension which is £6307.82pa.
Until we know all of the facts including salary and employer details etc, we would not be able to determine exact amounts of the impact.
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