I'm 41 and have worked full time for approx 11 years and part time (0.45 WTE) for approx 8 years.I plan to continue to work part time, but it is possible I'll increase my hours when my kids are bigger.
Could I buy notional service to increase my pension or are there any rules preventing part timers having a full pension. Could a part time worker end up with a pension which is bigger then their part time salary - if they had enough full time years before going part time, or bought enough notional service?
By the end of this year I'll have finished buying back all the service I can - so I'm trying to do my homework now so as to decide what to do next year about increasing my pension.
Thanks for any info!
Could I buy notional service to increase my pension or are there any rules preventing part timers having a full pension. Could a part time worker end up with a pension which is bigger then their part time salary - if they had enough full time years before going part time, or bought enough notional service?
By the end of this year I'll have finished buying back all the service I can - so I'm trying to do my homework now so as to decide what to do next year about increasing my pension.
Thanks for any info!