Support NHS workers defending NHS pensionsTruth time for pensions

NHS pension calculator

The Department for Health calculator estimates how your pension when you retire would be affected if the current proposals were implemented (defend public sector pensions) or for the effects of lower increases in pension during your retirement caused by the government decision to base increases on the lower CPI measure of inflation.

It is expected that increases based on CPI will be 1% lower on average each year than increases based on RPI inflation and this could alone reduce the total pay-out of a typical pension during retirement by around 10%.

The calculator has been prepared for the Department of Health by an independent actuary and we believe the estimates it provides are broadly accurate. One key assumption which affects the results is that the general NHS annual pay increase will in the future average out at CPI +1.5% each year. If earnings rose faster then the calculator would understate the advantage to members of retaining current final salary arrangements and, if earnings rose slower it would overstate it.

Click here to access the Calculator


Join the NHS fight with Unite – Take action 10 May 2012

Over 94 per cent of Unite members working in the NHS have rejected the government's pensions' proposals for a second time.

Unite is backing its NHS members all the way. On Thursday 10 May 2012 Unite members took part in what will be the first in a wave of actions, including strikes, action short of strike, protests and demostrations to defend their pensions.

It's time to show this government that you won't be bullied into working longer, paying more and getting less in retirement. Together we are stronger

What the government's proposal for NHS pensions will mean

  • Higher contributions over the next three years with increases averaging 3.2%
  • Linking Normal Pension Age to Pension Age
  • CARE scheme to replace Final Salary Scheme

 

Public Sector Pensions' Protest in pictures


YouSaidNOWAY

 

NHS Pensions Strategy presentation

 

 

 



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