The Kodak Pension Plan (PO-8035)
2. The Trustees of the Kodak Pension Plan (No.2) (the KPP2 Trustees)
Complaint Summary
Mr Mayo complains that the KPP Trustees and the KPP2 Trustees failed to inform him until after he had already retired early on 1 April 2013 that by deferring early retirement until 1 November 2013 the pension available to him from KPP would be calculated using the more generous Pension Protection Fund (PPF) early retirement factors.
Summary of the Ombudsman’s Determination and reasons
The complaint should not be upheld against the KPP Trustees and the KPP2 Trustees because I do not consider that they provided him with misleading or inadequate information about KPP/KPP2 at the time he requested early payment of the retirement benefits available to him in KPP.
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