While you can expect public service
pension credits already earned to be unaffected, future benefits are likely to be curtailed.
Rule changes like this usually don't apply to
pension credits already earned, so it is unlikely to affect you if you're already retired, and probably won't affect you much if you're close to retirement.
Not exact matches
A more generous base
pension would be the logical continuation of recent policies including
pension credits for child and elderly care, which
already undermine the equivalency principle.
The
already intense pressure on a shrinking network of jobcentres will increase further in 2019 when the Department for Work and
Pensions (DWP) will begin moving millions of existing benefit claimants onto Universal
Credit.
A source familiar with Hevesi's
pension notes that the former comptroller was
already retired and not accruing
pension credits at the time he committed felony No. 1 to which he eventually pleaded guilty.
Tax tip: If you don't
already benefit from the
pension income tax
credit and you're 65 years of age or older, consider creating
pension income by purchasing an annuity that yields $ 2,000 of interest income annually.
Several
credits (such as: family caregiver, disability, and
pension) can be transferred to your spouse if you've
already reduced your taxes to zero.
But consider other sources first like Canada
Pension Plan (CPP)(if you haven't
already applied to receive it), non-registered investments, Tax - Free Savings Accounts (TFSAs) or a home equity line of
credit.