Public sector pay deal increase 1st march 23 affect retirement date

D

Doodlemoll

Registered User
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36
I'm ready to retire with 40 years service pre 95. Haven't set the date yet. Lumpsum will be 1.5 x final salary. With the pay increase of 2% expected 1st march is it better to wait till 1st march instead of year end?
 
_OkGo_ said:
Where is the 3% coming from? It's still 2% for the lumpsum.
Click to expand...
1.5 times the 2% increment on total salary.
Obviously not a 3% bigger lump sum overall.
I suspect that it was just phrased unclearly?
 
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