GMP is the minimum pension which an occupational pension scheme must provide.

It applies to schemes which contracted-out of the State Earnings Related Pension Scheme from 1978 and entitlement accrued up to 1997. 

Contracted out employment ceased in April 2016 with the introduction of the new State Pension. 

All public service schemes, for example NHS, Teachers and Local Government, were contracted out.

People who were members of a contracted out pension scheme between 1978 and 1997 may be eligible for a GMP element within their occupational pension. 

It is a notional benefit which is only paid if the occupational pension is less than the GMP total and is not a separate benefit to be paid in addition to their occupational pension. 

Read more about GMP on our website.

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