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Old 26th Feb 2008, 23:34
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samuraimatt
 
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Pensions for the railways don't look too bad.

http://www.railwaypensions.co.uk/

Your pension
The basic aim of the scheme is to provide a pension and lump sum upon retirement. Retirement income is made up of a pension from the Railways Pension Scheme and your basic state pension.

If:
  • your final average pay is £25,000
  • your first final average restructuring premium is £6,000 and your second is £3,000 and
  • you have 30 years membership, 10 of which you have been getting your first restructuring premium and 5 of which you have been getting your second restructuring premium;
Your pension will be:

£25,000 - (1½ x £4,539.60) x 30 = £9,095.30
60
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