NHS Pension - Reducing Days

daparojo

I am hoping that someone can give me a sanity check.
My wife has been working full time in the NHS since 2007, and recently got her TRS Statement which I understand based on the two scenarios.

She is going to retire fully in 3 years at 60.

From now on she is reducing her days to 3 days working. 

Am I correct that her 1995 Pension will remain the same in both annual payment and lump sum (increasing each year slightly with inflation etc) as it is based on FTE. So it will not reduce unless her FTE salary decreases which is will not.

And her 2015 Pension will still increase but at a more reduced rated i.e. 3/5 ?

Thanks in advance.

hyubh

daparojo said:

I am hoping that someone can give me a sanity check.
My wife has been working full time in the NHS since 2007, and recently got her TRS Statement which I understand based on the two scenarios.

She is going to retire fully in 3 years at 60.

From now on she is reducing her days to 3 days working. 

Am I correct that her 1995 Pension will remain the same in both annual payment and lump sum (increasing each year slightly with inflation etc) as it is based on FTE. So it will not reduce unless her FTE salary decreases which is will not.

And her 2015 Pension will still increase but at a more reduced rated i.e. 3/5 ?

Short answer, yes on both accounts. Also final pay in the 1995 scheme is the best of the last three years, so even going down a grade at the very end won't affect things for that.