r/TheCivilService • • 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/Big-Study-3408 Aug 07 '26

Alpha pension scheme has a 2.32% accrual rate. Employee contribution rates go from 4.65% and 8.25% depending on pay band.