Redundancy Pay or Pension

mikey72

bendix wrote: »

the real issue is not what the financial value of pension is in 30 years, it's what is it worth now.

No disrespect to the OP's husband, but based on the fact that he has worked in the same company for 16 years - pretty much all his working life - and is earning £25k after that time, we can make some basic assumptions about past salary levels and future earnings (although the latter is irrelevent, because there won't be any in that company).

I would very much doubt that the value of any accrued pension rights are anywhere near £80,000 at today's value.

It'll be a real issue when he comes to take it. I'll be amazed if it achieves it's projected value, particuarly as the op will be a deferred pensioner, usually with a worse pension than retiring in service, or if the scheme closes etc. I agree with your last line though.