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Calculating Councillor Benefits

From 1 April 2015, each year you are in the Scheme 1/49th of your pensionable pay is added to your pension account PLUS a revaluation amount so that your pension keeps up with the cost of living.


      Alice earns £10,000 per year and will build up pension savings in that year of:           

                                                1/49 x £10,000 = £204.08

Table 1 below shows how her pension will build up over five years, assuming that the annual revaluation is 2% and her pensionable pay stays at £10,000.