I joined the civil service in 2007.
At the moment I work nearly full time. I take a parental day every few weeks.
I was hoping to go on a 4 day week in the years leading up tp retirement. The top of my salary scale is 63 k. If I went on a 4 day week in the years leading up to retirement, would my lump sum be only based on 50.4k i.e 4/5 ths of my full salary.? I know that if I take unpaid leave I accrue service more slowly.
I was talking to people at work and they said cutting my earnings just before I retire will reduce my lump sum, and it is better to do a 4 day week earlier, and go full time for 3 years before retirement.
I know that if I have 22 years service, the lump sum will be 3/80 for every year I work. Would the 3/80 be based on the fulltime salary for my gtade at 63k or would it be based on 4/5 of 63k if I do a 4 day week.
Thanks
At the moment I work nearly full time. I take a parental day every few weeks.
I was hoping to go on a 4 day week in the years leading up tp retirement. The top of my salary scale is 63 k. If I went on a 4 day week in the years leading up to retirement, would my lump sum be only based on 50.4k i.e 4/5 ths of my full salary.? I know that if I take unpaid leave I accrue service more slowly.
I was talking to people at work and they said cutting my earnings just before I retire will reduce my lump sum, and it is better to do a 4 day week earlier, and go full time for 3 years before retirement.
I know that if I have 22 years service, the lump sum will be 3/80 for every year I work. Would the 3/80 be based on the fulltime salary for my gtade at 63k or would it be based on 4/5 of 63k if I do a 4 day week.
Thanks