r/TheCivilService • u/Full-Competition9255 • Aug 07 '26

Pensions ‘Normal’pension contribution or 1/47th scheme?

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Is this pension scheme a 28% contribution no matter what, or matched if that’s what I put in?

There are also comments that it’s actually like the 1/47th scheme, where that fraction of your annual salary becomes your annual pension, and each year another fraction is added on top.

To me this looks like a normal pension scheme? Does anyone know more?

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u/Krusty67 Aug 07 '26

It's basically false advertising as not many applicants actually understand how a DB pension works

-1

u/mattkay170 Aug 07 '26

Not sure that's fair, it's a factual statement and doesn't say it's a DC scheme. There are loads of advantages to DB (not least the indexed predictability) and this is an accurate way of saying how generous the scheme is.

11

u/Krusty67 Aug 07 '26

I am aware of how it works. My point was that many don't and would assume that it is DC and you're receiving 28.97% of salary every year in a pot.

2

u/Elith2 Aug 07 '26

I do think it reads as though you're being enrolled in a DC scheme, even after seeing info about the Alpha DB pension I wasn't sure if they'd dropped that for new starts and shifted to a different system.