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Old 15th Apr 2013, 13:33
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F.O.D
 
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For those who were interested, there is recent briefing note on the DWP website http://www.dwp.gov.uk/docs/single-ti...nical-note.pdf

This explains how the single tier pension will be calculated with particular reference to how the entlement will be reduced by a "rebate derived amount" for those public sector workers who were contracted out of NI. The way I read it, some of the previous posters seem to be very optimistic and I interpret the rules in such a manner that if you have been contracted out for all your career of 35+years, you will only get £110. (was £107 prior to inflation uplist this month) - no matter how much NI you have paid.

Be warned, you need a degree in gobledygook to be able to understand the technical note on the DWP website.
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