Were you a former Gas Board employee
during the 1960s and 1970s?
Who?
Were you a Gas Board worker in the 1960s and 70s?
Did you pay into a pension?
You may have an EPB.
What?
If so, when you left the company, you will have had a pension refund
A small portion of pension was left in the Scheme
EPBs are payable when you reach age 60 (women) or age 65 (men).
For the whole period (1961 – 1975) the benefit would be £45.50 a year.
Why?
A number of mergers and de-mergers over the years means National Grid Plc is now responsible for former gas industry pensions
As part of the changes, you were ‘contracted out’ of the existing ‘graduated’ state pension scheme
However, the company had to make sure you still received the maximum pension you could have received if you’d stayed in the Scheme.
If you’re eligible for payment of an EPB, you’re likely to receive a form to complete:
The admin team use the verifying services of a company called LexisNexis Risk Solutions, who specialise in confirming member details for pension schemes and life assurance plans. They provide screening and tracing for those who have benefits with the Scheme but for whom the team don’t hold currently contact details.
If you have benefits with the Gas Scheme – if you worked for the Gas Board or British Gas in the 1960s and 1970s (and you’re a man over the age of 65 or a woman over the age of 60) and you receive a letter from LexisNexis working on behalf of the Scheme, asking you to verify your existence – please complete the form and return it to LexisNexis in the prepaid envelope provided.
If you have any concerns, please speak to them direct by calling freephone 0800 170 7035.