Partially (as I've been in 25 years) - but even that's not great

They made a horlicks of moving everyone over, so I'll get about half and half old scheme (up to 2015) and new.

But no, we all got shifted across to the new scheme in the mid teenies.

(didn't go into it as its horribly messy)

I can, in theory, take the old scheme stuff at 60 - but would need them to agree to partial retirement (unlikely to be available at that point). Otherwise I keep working, building up provision in the new scheme and losing out in the old (which is tied to final salary, but accrues slower and so is likely only worth 10-15k and degrades for each year after 60 I don't take it).

Anyone who has joined after 2015 is on the new scheme. Anyone prior essentially has a low value final salary scheme, hamped by the earlier point about public sector salaries being nobbled for at least 25 years.

As an illustration (I'm reasonably senior) my first big boss/team leader, in the equivalent role to what I do now was sitting pretty earning a very decent salary.

Over 25 years later the job only pays around 15% more than she was earning. Quick googling suggests over a similar period average wage inflation in the UK was 3.34 per annum.

I love my work and my career, but the idea that I'm in it for the money, or the pension, is laughable.

Against that context, the pension value is massively eroded. In real terms the average civil servant (last time it was reported) was getting a pension of around £6k per year...

Posted By: Cardiff Canary on November 4th 2025 at 11:18:16

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