PPRuNe Forums - View Single Post - AFPRB 2023
Thread: AFPRB 2023
View Single Post
Old 15th Jul 2023, 13:17
  #51 (permalink)  
Ken Scott
 
Join Date: Feb 2002
Location: In the State of Denial
Posts: 1,079
Likes: 0
Received 150 Likes on 29 Posts
A genuine question though, are our pensions really non-contributory or is our pay abated to reflect the benefit?
My understanding has always been that pay was abated by approximately 8% to cover the ‘non-contributory’ pension, your pension payments were then based on your net salary rather than the nominal gross one had you actually had your contributions deducted.

However like most, if not all public sector pensions, the value of your index linked pension is far more than your contribution, real or nominal.
Ken Scott is offline  
The following users liked this post: