| How will my pension be affected? |
| Wednesday, 18 March 2009 14:59 |
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Firstly, the Scottish Government will continue to have a responsibility to pay state retirement pensions and other benefits. We have all paid into the National Insurance Fund, and Scotland will continue to draw from our share of it. The National InsuranceFund is one of the UK’s assets to which Scotland would be entitled to its share. The legal responsibility to pay public sector and military pensions will be transferred to the Scottish Government for all pensioners resident in Scotland at the time of their retirement, and to the remaining UK Government for pensioners resident there at time of retirement, in accordance with EU requirements. Not only will a Scottish Government still pay your pension, it will finally have the powers and resources to pay a better pension. On the separate issue of private pensions, these operate regardless of what Government you live under, and will in many cases be invested largely outside Scotland anyway. |
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