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Nilgosc


Example for membership after April 2009 and April 2015

Mark has been a member of the Scheme since April 2010.  He has 5 years' membership under the 2009 Scheme and if he retires in April 2017 he will have 2 years' membership under the main section of the 2015 Scheme.  When Mark decides to retire in April 2017 he earns £20,000 per year, and his salary has not changed since he joined the Scheme in 2010.

Membership from 2010 - 2015

Annual Pension=
      5 (years) x £20,000 = £1,666.67
                  60

Membership from 2015 - 2017

New pension savings per year - £20,000 / 49 = £408.16

 

 Mark's total annual pension can be calculated by adding these two totals together: