My NHS Guestimate..Advice Please

mollycat

Thanks for that. ^^^^

All of the above we were aware of.

With respect, it's nothing to do with incremental dates.

SSPA and self both agree actual service to the day; 39 days 218 days.
This is calculated on P/T service being doubled on correct "doubling day". So no error or misunderstanding with the calculations at all.

What we are being told is that calendar service of 42+ years requires to adjusted to 40 years at retirement date of 55th birthday, and actual service, (despite not exceeding 40/80ths) also needs adjusting proprtionately from circa 39.5/80ths downwards to 38.5/80ths.

I know it sounds confusing and unusual; it blew our minds when we got the estimate.

Essentially we are being told you need 30 years at full time to accrue full pension. (No matter how much P/T service you accrue before your 55th birthday)

Appreciative of the pension scheme; just seems a bit unfair for P/T workers.

crv1963

mollycat wrote: »

Thanks for that. ^^^^

All of the above we were aware of.

With respect, it's nothing to do with incremental dates.

What we are being told is that calendar service of 42+ years requires to adjusted to 40 years at retirement date of 55th birthday, and actual service, (despite not exceeding 40/80ths) also needs adjusting proprtionately from circa 39.5/80ths downwards to 38.5/80ths.

I know it sounds confusing and unusual; it blew our minds when we got the estimate.

Essentially we are being told you need 30 years at full time to accrue full pension. (No matter how much P/T service you accrue before your 55th birthday)

Appreciative of the pension scheme; just seems a bit unfair for P/T workers.

I think it is unfair for P/T workers too. The new schemes treat them a bit better but at the cost of the TFLS though. Career average makes stepping down to retirement easier but IMHO at the cost of too big an increase in the length of working lives.


I know staff in their late 60s/70s who have retired and returned part time but the thought of having to do my role F/T to 67 would fill me with angst, the stress would have me carried off in a box before then I think. We're late to the pensions party so working to max 60 is my goal.

Wolfwolf

Thanks for the replies folks. All I want is to know I'm roughly going to get what I have tried to work out for myself, which someone has confirmed.I will see if the NHSBSS can be persuaded to just give an estimate based on things as they are now staying the same.I don't know why the whole thing is so hard to cut through !
I dropped some hours a couple of years ago which I accept will cost me pension wise but I couldn't cope with the work load 5 days a week. Certainly not until 55.
I'm definitely in the 2015 scheme now, and since inception, I just missed out on the tapered transfer.
I don't envisage changing my hours further as I can't take the further monthly hit financially as I'm trying to save enough to bridge the gap to SPA.

mollycat

crv1963 wrote: »

I think it is unfair for P/T workers too. The new schemes treat them a bit better but at the cost of the TFLS though. Career average makes stepping down to retirement easier but IMHO at the cost of too big an increase in the length of working lives.

Thanks.

For us the unfairness regarding this isn't the lesser accrual rate of service as a part time worker, that's all obvious and transparent in the t&c's.

What I still can't really believe is correct, (but I,m blue in the face having this discussion with them), is that service legitimately accrued at 0.6 WTE, doubled on the correct yearly date, and does not exceed the maximum 40/80ths at age 55 is then adjusted down at retiral due to the length of calendar service!

I thought I knew the 1995 section inside out; I've never seen this in any factsheet, can't find it in any employee or employer notes on the scheme and no one I have worked with has ever heard of this condition before. Happy to be put right as ever of course!

So good luck to OP; we have admitted defeat on this, but posting as warning to other 1995 MHO's considering going part time.