Civil service alpha pension and resignation

Bravebart

Like many civil servants I have two types of pension, one in Classic and now Alpha.

I'm possibly going to leave the service late in financial year 2023/24. My contribution period for the classic pension is very clear shown as years and days which ended in 2015. My pension statement for Alpha shows the contributing period only in whole years.

My question is does leaving with an incomplete year impact on the value of Alpha by not counting that year if incomplete? I've had a good look in the scheme rules but can't find mention of Alpha being calculated to days like Classic.

Many thanks.

german_keeper

I think the answer will be the difference between final salary and career average. For Classic the exact number of days is used in the pension calculation. For Alpha I assume it will just be 2.32% of the amount earned, regardless of whether it is for a full year or part year.

Dazed_and_C0nfused

Bravebart said:

Like many civil servants I have two types of pension, one in Classic and now Alpha.

I'm possibly going to leave the service late in financial year 2023/24. My contribution period for the classic pension is very clear shown as years and days which ended in 2015. My pension statement for Alpha shows the contributing period only in whole years.

My question is does leaving with an incomplete year impact on the value of Alpha by not counting that year if incomplete? I've had a good look in the scheme rules but can't find mention of Alpha being calculated to days like Classic.

Many thanks.

Not sure days are relevant.  It's what you earned that counts.

So £10,000 earned from April to end of August gets you £232.

£20,000 earned from April to the following March also gets you £232.

Bravebart

It seems obvious now. Thanks for the advice.