Pension delays leave thousands of retirees missing out on £10,000 payments
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Pension delays leave thousands of retirees missing out on £10,000 payments.
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Tens of thousands of retired teachers enrolled in the Teachers' Pension Scheme could be missing out on sums exceeding £10,000, it has been revealed.Many have faced prolonged waits to receive money owed.
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Others have run into further complications when trying to claim benefits on behalf of deceased relatives.The disruption stems from a 2018 High Court judgment which found that changes to public sector pensions had been discriminatory on the basis of age, according to MoneySavingExpert.Since then, many pensioners have been left in limbo, waiting for backdated payments that could run into the thousands under the remedial measures introduced after the ruling.
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TRENDING Stories Videos Your Say The issue dates back to reforms in 2014 and 2015, when the Government moved most public sector workers, including teachers, from final salary schemes to career average arrangements.Under the old system, retirement benefits were based on earnings towards the end of a career.
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