Your Individual Pension Percentage builds up each Scheme Year and will vary from year to year according to the level of contributions you choose and your earnings during that year. Your pension at retirement will therefore reflect your earnings pattern over the whole of your Scheme membership.

Please see your Scheme booklet and benefit statement for details of how your pension is calculated.

Note
Under the Scheme Maximum your benefits (excluding Additional Voluntary Contribution benefits but including previous benefits in other schemes) must not exceed 2/3rds of your final earnings. Your final earnings can include other taxable benefits, such as overtime or shift payments and may therefore be greater than your Final Basic Salary.