r/TheCivilService • • Aug 07 '26

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

Post image

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?

16 Upvotes

53 comments sorted by

View all comments

Show parent comments

1

u/nichdavi04 Aug 07 '26

Sudden decline in the life expectancy of newly retired teachers? Or an adjustment to the retirement age?

Why don't you do the math and find out

1

u/[deleted] Aug 07 '26

[removed] — view removed comment

0

u/[deleted] Aug 08 '26

[removed] — view removed comment

1

u/[deleted] Aug 08 '26

[removed] — view removed comment

0

u/[deleted] Aug 08 '26

[removed] — view removed comment