State Pensions (Final Pay Section)


When you reach State Pension Age, in addition to your Final Pay benefits you will receive your State Pension. 

If you reach State Pension Age before 6 April 2016 then (depending on your National Insurance record) you will get two components of state pension - the Basic State Pension and State Second Pension (S2P) under the current system. The Final Salary section of the Plan meets a certain level of benefits so was contracted out of the State Second Pension. As a result of contracting out you paid a lower rate of National Insurance contributions and did not build up a State Second Pension while you are a contributing member of the Final Pay Section. For periods when you were not a contributing member of the Final Pay Section (eg you were a contributing member of PensionBuilderPlus or you were employed elsewhere as a contracted in member - you will have accrued some S2P.

The Basic State Pension is a flat-rate pension but the S2P provides a pension which currently builds up in relation to earnings in a band between two limits. 

If you reach State Pension Age after 6 April 2016 then you will get the new single tier State Pension. ie you will be able to get the New State Pension if you’re eligible and:

  • a man born on or after 6 April 1951
  • a woman born on or after 6 April 1953

To see a timetable of the changes and the proposed changes Click>Timetable

Your National Insurance record is used to calculate your new State Pension. You’ll usually need 10 qualifying years to get any new State Pension and you’ll need 35 qualifying years to get the new full State Pension. This single tier pension will still be reduced for periods in which you were contracted out of S2P.  For more information visit the government website


Or you can download the Single-Tier State Pension Factsheet Click>Here

State Pensions Forcast

You can also obtain a forecast of how much State Pension you can expect to receive please visit the government website


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File Size Link
pdfSingle-Tier-State Pension Fact-sheet 588.03KB Download
pdfThe State Pension Age 2015 110.31KB Download
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