NHS Pensionable Pay - definition?

bigfreddiel

My partner works for NHS her Pensionable Pay ( or Salary is £17,000 pr annum)

She has worked for NHS for 12 year.

In last 3 years she has been very part time - actually only worked enough hours to earn abou £1,500 per year ie she has only worked a total of about 5 weeks per year.

Is her pension worked out on her annaul salary which is £17,000?

Cheers

fj

john.xs

i always thought it was worked out on the best of your last three years but i am no expert.bear in mind she or her employer wont have added much to the pot over the last 3 years.
regards ,
john

Retired_I.F.A.

Without checking it's the best consecutive 3 from the last 10 I think.
If your partner is going to remain part time tell him/her to check out what it'll be based on with the trustees. If it is nearish to retirement for your partner and part time is on the cards till then and the final salary is on the part time earnings then transfering out of it now would probably be advisable.

bigfreddiel

john.xs wrote: »

i always thought it was worked out on the best of your last three years but i am no expert.bear in mind she or her employer wont have added much to the pot over the last 3 years.
regards ,
john

Thats correct - the last three years are taken into account but if you have only worked a few weeks in the past three years plus you have 12 years fulltime service - total 15 years service and a salaray of £17,000 per annum how do we work out her pension. I realise she won't have 15 years service more like 12 years plus 15 weeks (the total number of weeks worked in last three years) and her final salary is £17,000 Per annum - so is her pension based on final salary or final amount earned in last three years - which isn't much!

Cheers

fj

sharon59

you can phone the NHS pensions agency and they will send out a pension forcast for her -or they used to do it!

Retired_I.F.A.

Play safe and ask the trustees.

bigfreddiel

Retired_I.F.A. wrote: »

Play safe and ask the trustees.

that's exactly what we are going to do - cheers

fj

Ian_W

Have a look at pages 15& 16 of this ONLINE GUIDE which explains how it's worked out.
The salary used is that of a full time employee but the number of 80ths earned per part time year is pro-rata to the hours worked compared to a full time employee. So if your partner worked a good number of full time years before going part time, from the figures you've given she'll get 12/80 plus a % 80th for each of the final 3 years depending on hours worked.
The last 3 years relates to the best of the last 3 years, for most the last and as said it's the full time salary that's used.

bigfreddiel

Ian_W wrote: »

Have a look at pages 15& 16 of this ONLINE GUIDE which explains how it's worked out.
The salary used is that of a full time employee but the number of 80ths earned per part time year is pro-rata to the hours worked compared to a full time employee. So if your partner worked a good number of full time years before going part time, from the figures you've given she'll get 12/80 plus a % 80th for each of the final 3 years depending on hours worked.
The last 3 years relates to the best of the last 3 years, for most the last and as said it's the full time salary that's used.

Thanks Ian W - we have that guide in hardcopy and have checked with her pension people at the NHS - it is her Final Salary used in the calculations as we should have expected - so its all sorted now.

once again thanks for your input

fj