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LGPS FINAL SALARY
Maria2512
Posts: 93 Forumite
Hi,
As retirement age is looming, I have a question.
As retirement age is looming, I have a question.
I am in the LGPS.
My salary is 46k. In the last 3 years my pensionable pay was 50k+ due to overtime I worked.
Will it affect my final pension calculation as it’s a final salary scheme? Will my pre 08 salary be calculated on my final salary of 46k or would the ‘higher’ years be taken into consideration?
Thanks
Thanks
0
Comments
-
Probably not, but it depends on your exact contract.
Final salary for pre 2014 final salary link purposes = contractual pay only (ie, no non-contractual overtime or other extras).
Post 2014 CARE benefits are calculated using your actual pay, including overtime etc.0 -
Thanks @silvertabby1
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