NHS pension

nicter

Hi
I will be leaving my nhs post 6 months before reaching 60. I will be freezing my pension until my 60th birthday.
I know my pension is based on an average salary over the last 3 years of service
Will this 3 year calculation include the 6 months up until 60 that I wont have worked or will it be based on the 3 years up until the day I leave
I am in the 1995 superannuation section
Grateful for any input

Keep_pedalling

Those six months will not count.

HOWMUCH

It is based on the 12 months prior to your leaving date and then the next 2 12 months periods from your leaving date.

nicter

HOWMUCH wrote: »

It is based on the 12 months prior to your leaving date and then the next 2 12 months periods from your leaving date.

Sorry howmuch .. I don't understand your answer.
:(I will be claiming my pension 6 months after leaving my post , (when I am 60) My understanding was its based on last 3 years service. Not sure how it can be based on salary after I leave as there wont be one ?

HOWMUCH

Go on the NHS calculator and put in your salary and the years and months you have contributed into the pension scheme. The salary is not tax years it's 12 months backwards from the date you stop working for the NHS which is your leaving date.

HOWMUCH

You go backwards in 12 months periods mine was Sept 2015 to October 2014, then Sept 2014 to October 2013, then Sept 2013 to October 2012. My middle 12 months was my highest so that is what my pension was worked out on. Are you in the 1995 scheme I take it you are with the pension are of 60.

nicter

Thanks Howmuch
Yes I am in the 1995 section. Thankyou for clarifying what you meant. Must admit I cant wait to leave. The NHS is not what I signed up for all those years ago Lucky you ... you managed to escape :beer:

Mistermeaner

nicter wrote: »

Thanks Howmuch
Yes I am in the 1995 section. Thankyou for clarifying what you meant. Must admit I cant wait to leave. The NHS is not what I signed up for all those years ago Lucky you ... you managed to escape :beer:

It must be terrible for you having tax payers fund a pension for you that you have not earned

BobQ

Mistermeaner wrote: »

It must be terrible for you having tax payers fund a pension for you that you have not earned

This thread is meant to help people not make political points.

As a point of fact the poster has earned the pension he or she will receive. The fact that his/her contributions were funded by a lower salary over the years of membership does not mean that it was not earned. It was the Government's decision to have "unfunded" schemes.

kidmugsy

Mistermeaner wrote: »

It must be terrible for you having tax payers fund a pension for you that you have not earned

That's simply untrue. The pension was part of the T&Cs of the job.

Personally I'd like to see the end of these extravagant DB pensions for government employees, with the consequence that many salaries would have to rise. But that's for the future: what is owed now is contractual, and that's that.

mollycat

Just for clarity, (i know it has been alluded to in post #6), NHS pension under 1995 scheme is calculated using the best year of your final 3 years.