Your entitlement to the Basic State Pension is accrued completely separately from your benefits under FPS 2015, but the schemes are inter-related. This is because FPS 2015 is currently a ‘contracted-out’ pension scheme.
The State Second Pension (also known as S2P) provides a second tier element to the Basic State Pension. It provides a second tier element of State retirement benefits on top of the Basic State Pension. FPS 2015 is contracted out of S2P. In turn, while a member of FPS 2015 you will not be contributing to S2P.
The State Pension Scheme rules can be quite complicated and will vary from person to person. Therefore, we recommend that you get in touch with the State Pension Forecasting Team of the Department for Work and Pensions, who will be able to give you more information and a forecast of your State Retirement Pension.
The team can be contacted at:
Future Pension Centre
Department for Work and Pensions
Newcastle upon Tyne