NHS Pension, McCloud, etc....

gt568

Ok so 95 is calculated at final salary x number of years x 1/80, are you suggesting that the Final salry is the FTE, and her number of years is pro rata'd down in effect?

Flugelhorn

gt568 said:

Ok so 95 is calculated at final salary x number of years x 1/80, are you suggesting that the Final salry is the FTE, and her number of years is pro rata'd down in effect?

yes the 95 is calculated literally as a number of days which is then divided by 29,200 (80*365) or something figure like that - the result is then applied to the final salary 

so say you worked 5,000 days : 5000/ 29200 = 0.171 

Salary say 45K -

pension equals 45 * 0.171 = 7705

Pat38493

gt568 said:

Ok so 95 is calculated at final salary x number of years x 1/80, are you suggesting that the Final salry is the FTE, and her number of years is pro rata'd down in effect?

Yes - to put it another way - your wife won’t get some huge benefit just from going full time for one year before stopping - she will just get the benefit of the extra days worked for that one year.  The fact whether she is part time at the actual date of retirement doesn’t impact what her “salary” is considered to be at leaving date as it’s up rated to the full amount for full time.  Then as others have explained, it’s adjusted for the number of actual full days that were worked in the whole career.

gt568

Understood thanks

Pat38493

gt568 said:

Understood thanks

One other small point - all this assumes that your wife doesn’t have any special conditions under the ‘95 scheme like officer status.  If that was the case it becomes even more complicated. 

saucer

Pat38493 said:

gt568 said:

Understood thanks

One other small point - all this assumes that your wife doesn’t have any special conditions under the ‘95 scheme like officer status.  If that was the case it becomes even more complicated. 

She won’t have given she started in 2003. Moreover I’d be very surprised if anyone had special status (e.g. Mental Health Officer Status) and were not aware of it.