Originally posted by Old Greg
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Back in a previous life, my Civil Service scheme (although non contributory) was 40/80. Some other public sector workers had 30/60 but I never came across anyone with 40/60.
On the point of index linking, Civil Service pensions when I was there (left '94) were not index linked during your working life. They were based on final salary, which is, in a way index linked, as your salary would rise annually by the negotiated rate and your pension was a fraction of that, depending on service length. They were, however, index linked from the point of retirement.
When i retire i've got about £2500 of CS pension to look forward to
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