Advice needed please.
I am 60 in Nov any can retire, but could be on half pay for a couple of months prior to this.How will this affect my final salary calculation.
Many thanks.
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Sick pay affect on last year of pension
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RobertT
- EX ROYAL MAIL
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Sick pay affect on last year of pension
In April 2014 there were changes made to the pension which meant that it was delinked from pay, so it now just goes up with inflation each year.wp wrote:Advice needed please.
I am 60 in Nov any can retire, but could be on half pay for a couple of months prior to this.How will this affect my final salary calculation.
Many thanks.
Before these changes I think they calculated it using the best 3 years from the previous 10, or something similar.
Either way I don’t think you should notice any difference if you’re on half pay, but I would contact the pensions centre and ask to be sure.
Although you probably will notice a small drop in the amount of CSDB pension you get.
Links to all RM pension related websites are here
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wp
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- Gender: Male
Sick pay affect on last year of pension
Thank you!!