Originally Posted by
teeteringhead
And the "non-contributory" pension is taken into account also by the AFPRB, so one effectively
does contribute as the calculated figure is reduced accordingly .....
.... having read that, it's less than clear. Try again teeters. AFPRB decide upon £x, then reduce it to £x-y 'cos we don't pay for the pension. Ergo, we effectively contribute £y.
Quite right. It really fogs the issue to say that it is non-contributory. About 15 years ago the notional contribution was 9%, ie pay was reduced by 9%. The AFPRB decided that this was too high and over two pay rounds it was reduced to 7%.
As an issue, my contractor has an education policy. One man was out through college to get formal IT qualification; he then left for a better job, no amortisation.