Pension built up after 1 April 2014

From 1 April 2014, you will build up a pension at a rate of 1/49th of the amount of pensionable pay you received in that scheme year (or, if you had been on reduced pay due to sickness or relevant child related leave* the pay you would have received).

The amount of pension you build up is added to your Pension Account at the end of each scheme year. For any period you were in the 50/50 section the pension you build up would be half.

You can add extra amounts into your Pension Account - for example, if you decide to pay extra contributions to buy additional pension, or you transfer pension from another pension scheme, the amount of extra pension bought will be added to your Account.

In certain circumstances, amounts can be deducted from your Pension Account – for example, if a Court orders that part of your pension should be transferred to an ex-spouse or civil partner following divorce or dissolution of a civil partnership.

*Ordinary maternity, paternity or adoption leave and any period of paid additional maternity, paternity or adoption leave.