Pension blunder sees thousands of workers given wrong forecast

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Millions of people get state pension forecasts from the Department for Work and Pensions, and rely on their accuracy when planning their finances in retirement. This week, a reader flags up a case.

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New state pension: If you’re entitled to the full new single-tier state pension, your weekly payments will increase from 164.35 to 168.60; basic state pension: Those receiving the basic state pension will get a weekly boost of 3.25 a week – taking the total state pension from 125.95 to 129.20.

Almost without exception, public pension plans still assume very optimistic future returns. They base those projections on long-run past performance and assume the future will be like the past. CALPERS, the California public employee plan that is the nation’s largest pension, is in the process of reducing its base forecast from 7.75% to 7.5%.

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We recently looked into what has gone wrong, and the plans under consideration. speculation about a possible two-tier system. That could see graduates waiting longer for a state pension while.

State pension data blunder sees 360,000 people given wrong forecasts. But new model likely years away from becoming available to workers, warns former pensions minister Sir Steve Webb.

Hundreds of thousands given wrong state pension forecasts, government minister admits. to admit that hundreds of thousands received wrong state pension forecast figures.. could see their.