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Working out how much I'll get paid if I go part time

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Comments

  • gibson123
    gibson123 Posts: 1,733 Forumite
    daisiegg wrote: »
    But I AM teaching English so it should be 'you're', not your ;)

    Thanks for the help :)

    Touche !! :cool::cool::cool::cool:
  • ohreally
    ohreally Posts: 7,525 Forumite
    1,000 Posts Combo Breaker
    daisiegg wrote: »
    Pension is 6.5% or something.

    Sorry, not where I'm coming from. Is it a defined benefit scheme and are you due to retire in near future - if so you may wish to consider protecting the benefit. If this is someway off, disregard that.
    Don’t be a can’t, be a can.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    ohreally wrote: »
    Sorry, not where I'm coming from. Is it a defined benefit scheme and are you due to retire in near future - if so you may wish to consider protecting the benefit. If this is someway off, disregard that.

    Most of these schemes(I think inc teachers) going part time makes little difference you just accumulate less service.

    the pensions are calculated on full time equivilance.
  • ohreally
    ohreally Posts: 7,525 Forumite
    1,000 Posts Combo Breaker
    edited 25 April 2012 at 5:01PM
    getmore4less wrote: »
    Most of these schemes(I think inc teachers) going part time makes little difference you just accumulate less service.

    the pensions are calculated on full time equivilance.

    Most public sector defined benefit schemes are final salary based and reflect on best earning of (for instance) 3 - 5 years prior to retirement.

    ETA: Only new entrants to some recent schemes will find themselves restricted to a pension based on career average.
    Don’t be a can’t, be a can.
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