There are different calculations for working out the value of your deferred pension depending on when you were a member of the scheme:
The pension you build up during each or any of the above periods is calculated separately and added together to get your total pension.
Career Average Pay is the average pay you received over your LGPS membership. In calculating your average pay, the pay you received each year while in the pension scheme is revalued so it keeps up with the cost of living. Your revalued pay for each year is added together with the total divided by your membership to get your Career Average Pay. This figure is then used to work out your benefits in the old career average scheme up to 31 March 2015
The North East Scotland Pension Fund is pleased to introduce its new website.
The Fund’s unaudited annual accounts for 2019/20 are now available for public inspection until 22 July 2020.
Information on the McCloud Judgement, which relates to two employment tribunal cases that were brought against the Government.
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