How much royal mail pension does a widow get
The amount of Royal Mail pension a widow receives depends on several factors, including the type of pension scheme the deceased was a member of, the length of their service, and their final salary.
Royal Mail has two main pension schemes:
- The Royal Mail Pension Scheme (RMPS): This is a defined benefit scheme, which means that the pension is based on a formula that takes into account the member's final salary and length of service.
- The Royal Mail Group Pension Scheme (RMGPS): This is a defined contribution scheme, which means that the pension is based on the amount of contributions made by the member and the employer.
For a widow to receive a pension from Royal Mail, the deceased must have been a member of one of these schemes and have died while in service or within a certain period after leaving service.
The amount of pension a widow receives from Royal Mail will depend on the following factors:
- The type of pension scheme the deceased was a member of
- The length of the deceased's service
- The deceased's final salary
- The widow's age and marital status
Here are some general guidelines on the amount of pension a widow may receive from Royal Mail:
- For a widow of a member of the RMPS, the pension will be based on the deceased's final salary and length of service. The pension will be calculated as follows:
- 1/80th of the deceased's final salary for each year of service
- A maximum pension of 1/2 of the deceased's final salary
- For a widow of a member of the RMGPS, the pension will be based on the amount of contributions made by the member and the employer. The pension will be calculated as follows:
- A percentage of the contributions made by the member and employer, based on the member's age and length of service
- A maximum pension of 25% of the member's final salary
It's worth noting that these are general guidelines, and the actual amount of pension a widow receives from Royal Mail may be different. The amount of pension will depend on the specific circumstances of the deceased's service and the pension scheme they were a member of.
It's also worth noting that Royal Mail has a widow's pension scheme, which provides a pension to the widow of a deceased member. The widow's pension is based on the deceased's final salary and length of service, and is calculated in the same way as the RMPS pension.