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Local government v. NHS pension
Tintuc
Posts: 1 Newbie
Hi.just query if anyone knows which is the better pension to be in between the NHS pension or a Local Government one? I'm 57 have worked for NHS for 4 years, previously worked in local government for 21 years before being made redundant, and have now been offered a job back in local government. TIA
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Comments
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Is the wage in the local government job higher than when you left? As you can merge your service if it's within 5 years of leaving and use the new wage as a basis for the Final salary element of your deferred benefits.0
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There’s not much in it both brilliant. You seem to not have an offer of an NHS job is it’s academic?If the real question is should move your NHS pension to LGPS, then once you join LG you can get a quote from LGPS showing what they offer compared to leaving it with NHS.LGPS accrues at 1/49th of salary per year which is better than NHS at 1/54th but NHS increases by CPI + 1.5% LGPS just CPI. LGPS contributions are generally slightly lower but not at some pay levels.1
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