NHS Pension DB when hours change over the lifetime

Random47

Can anyone explain how the schemes work when hours changed over the years. My partner worked full time form 2001 to 2010 FTE, then 0.6 FTE till 2022 and will now work 0.7 FTE.
She was in the 1995 scheme and opted not to join the 2008 but was moved to 2015 CARE, though will likely opt to stay in 1995 scheme till 2022 following recent judgement when retiring (NPA 2045)

I get how the CARE works as each year your accrual is based on actual salary that years salary but understanding FS is scratching my head at moment.

Dazed_and_C0nfused

It's normally relatively straightforward, a full timer would accrue 1/80th.

Someone working 0.6 FTE will accrue 0.6/80th.

So 9 years full time and 12 at 0.6 would accrue a total of 16.2/80ths.  So her pension would be just over 20% of her whatever her "final salary" is under the 1995 scheme rules.

saucer

As explained above, the pre-CARE pension is based on final salary. Pension entitlement grows at a rate of 1/80 of the final salary for each full year worked. If in a year you work half time (0.5 whole time equivalent) it would grow half of 1/80 ie 1/160 that year, and so on. 

The final salary this is based on will be the whole time salary, regardless of whether part or full time working, if that makes sense. 

Dazed_and_C0nfused

saucer said:

As explained above, the pre-CARE pension is based on final salary. Pension entitlement grows at a rate of 1/80 of the final salary for each full year worked. If in a year you work half time (0.5 whole time equivalent) it would grow half of 1/80 ie 1/40 that year, and so on. 

The final salary this is based on will be the whole time salary, regardless of whether part or full time working, if that makes sense. 

I think you mean 1/160th 🙂

Random47

OK thanks for clarity, makes sense now once explained i.e. x0.6 of 1/80th per year when part time.

saucer

Dazed_and_C0nfused said:

saucer said:

As explained above, the pre-CARE pension is based on final salary. Pension entitlement grows at a rate of 1/80 of the final salary for each full year worked. If in a year you work half time (0.5 whole time equivalent) it would grow half of 1/80 ie 1/40 that year, and so on. 

The final salary this is based on will be the whole time salary, regardless of whether part or full time working, if that makes sense. 

I think you mean 1/160th 🙂

Indeed! Thanks. I’ve edited my post 😊