I am now 64 and the trustees of my pension scheme has just sent a statement saying the value of my pension is just over 11 times the amount of the pension I receive each year.
I know people of my age are generally expected to live till at least 80.
I have phoned the trustees and they just say '' don't worry'' it is a figure generated by the computer and they will pay my full pension even if I live to 115.
Does anybody understand this 11 year figure?.
Frank
Gransnet forums
Legal, pensions and money
Frank are they not quoting the national average age ? I wouldn't worry you may give yourself an ulcer and then where would you be,life is not for worrying.
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