What constitutes a good pension?

t0rt0ise

Nebulous2 said:

dunstonh said:

With traditional final salary pensions, it used to be a variation of the average of the best three years in the last 10, or best three consecutive years in the last 10 or variations of that.
What used to happen in the public sector is that some would get promoted intentionally right at the end of their career just to get at least three higher years.   There is debate whether that happened on a widespread basis or not.

I knew a long stay hospital, now closed, where almost everyone did two years of night shift, prior to retiring. This effectively gave a 30% uplift in salary and consequently pension. The staff had mental health officer status as well, which meant 40 years pension for 30 years service, subject to a minimum age of 55. 

Haha. Exactly what happened when I worked in a long stay hospital. It was usual for the charge nurses on nights to be about to retire. I thought of that when things changed.