How is my pension calculated?
You are entitled to a pension of
- 1/60th of your Final Pensionable Earnings for every year of Pensionable Service up to and including 31 March 2012; PLUS
- 1/65th of your Final Pensionable Earnings 2012 for every year of Pensionable Service from 1 April onwards.
Months and days are included in your Pensionable Service.
If you have purchased Defined Benefit AVCs under the Standard Section, the service credit will be pro-rated based on the period the contributions have been paid.
- Service to 31 March 2012
- Service from 1 April 2012
Total deferred pension = £15,692.31
Pensionable Earnings in respect of service before April 2012 may be subject to the application of Rule 5(3) in circumstances where there have been abnormally wide fluctuations in bonus and overtime.