- Benefits built up during this period are final salary benefits
- They are worked out using membership and final pay. That's not your pay during the period 2008 to 2014, it's your pay in the future – pay close to the time you leave
- For each year of membership between 1 April 2008 and 31 March 2014 you get:
of your final pay as a pension
We can also show this as a formula:
Pension = membership between 1 April 2008 and 31 March 2014 × Final pay ÷ 60
Please note... there is no automatic lump sum for this period. But you can give up some pension and take it as a lump sum instead.
Don't forget to add this to any other benefits you have.
Between 1 April 2008 and: