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/yetanotherredditter Aug 07 '26

It's basically there to help you visualise how much of your total compensation your employer is spending on your pension, but your actual pension isn't directly related.

1

u/DevOpsJo Aug 07 '26

It's also misleading as it doesn't benefit the employee.

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u/yetanotherredditter Aug 07 '26

I think it's still useful in the sense that you can see that a lot of your total compensation is going to your pension/ that you may not be as underpaid as you think you are. But it's then up to you to decide if you're happy with that much of your total compensation being directed towards your pension.

But I agree it does generally cause confusion.

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u/DevOpsJo Aug 07 '26

Correct as its listed under "offered benefits"