Pensions again

Husband has a similar pension at Unisys to R's at EDS, so he started asking questions yesterday. CR, presumably in the same role as JB at EDS, said that this change was as a result of the Finance Act 2004 and she believed it would apply to the Unisys Pension Scheme.

Not satisfied with that, husband had already started talking to his colleagues, who have similar pension arrangements, and haven't been told that anything is changing. Similarly, son talked to friends at school, who were as indignant as him.

JB rang me this morning to say that it was 'good news'. Son can keep the pension up to 25. It only impacts on people who are not yet receiving a pension.

However, there are still issues:

• people (e.g. at EDS & at Unisys) running pensions haven't told the pensioners nor the prospective pensioners


• people paying into their pensions will have a reduced deal for their dependants


• EDS, if I hadn't queried it, might have carried on refusing to pay after the age of 23.
  

So where do we go from here?

Pensions

NEGU: I need the Never Ever Give Up thought today. Over ten years ago, R had an agreement with his company, EDS, that laid out the rules for the pension scheme. Part of the agreement was that if he died before retirement, as he did, then a pension would be paid to his children while they were in full-time education, up to the age of 25. However, now we learn that a regulation changes this agreement, and the pension will be up to the age of 23. The EDS pensions people have written to P asking him if he is still in full-time education, but telling him that the pension must stop at 23.

I do not see how it can be changed retrospectively, unless we agree. If someone can take away my children’s right to a pension, then someone could take away the pension that I receive, and could take it at any time, maybe when I’m 79, 84, when ever. It’s too late for me to do much to improve my pension prospects now.

I rang EDS to ask. JB told me that new regulations to simplify pension arrangements mean that anyone who receives a pension and is 18 after 6th April 2006, can receive the pension only until they are 23, not 25. I looked up the Inland Revenue web site http://www.hmrc.gov.uk/pensionschemes/draftregs.htm that refers to this simplification, but I can’t see where it says anything about being 23 and losing your pension.

P is so cross that he's already written and posted his letter to our MP.

Partying

Parents go partying and teenagers stay in.

J had a party and lives some 40 miles away, so I wanted to stay the night. However, the same evening A was booked to go to a gaudy. (That's a party in an Oxford college, to which only the college members or ex-members may go). Dilemma! If we both went out, then we left our teenage children on their own, all night.

We went our separate ways. We left our teenagers. When my slightly-the-worse-for-wear husband got back the next morning they were still alive and squabbling.

The Producers

A asked me, "Do you want to go and see 'The Producers'?"
"What's that then?"
"It's a film about a musical."
"Not a film about a musical, about a film about a musical about a film about a book?"
"We ell...It's about two producers who make a musical about a book. It was a film, years ago."
"No, thanks."

So he went out and got us four tickets, came back beaming, and showed them to me. "I've got them for Monday night", he said. "Look, 7.30."
"Why does it say 'Narnia'?"
Slow thoughtful response, "I'm sure I asked for 'The Producers'."

So he went back to the cinema and got four tickets for 'The Producers', for 8.45 on Monday evening. That's a bit late when there's school and work the next day.

We enjoyed the outing, partly because there were hardly any people out on January 2nd and the cinema was almost empty. Perhaps everyone had partied enough. I'm not sure how my nicely convent educated daughter managed to laugh at so many of the naughty bits in the film. Even though I was really tired on Tuesday, it was a relaxing end to the holiday,