Public sector watch
Discussion
I know we're now going off into the minutiae of civil service pensions, but my understanding is that the current (Alpha) scheme does not pay you back the "partner" pension contribution if you have no named partner when you leave. So you have to pay it, even though you know it's valueless and cant get it back.
uknick said:
As you say there is much confusion about how the public sector pensions work and are funded, especially the question above about employer contributions being returned. But that's not surprising considering how many different pension schemes exist in the public sector. The civil service pension scheme alone had at least 4 when I left, and CARE scheme were only just arriving. When you consider within each schemes you had different rules depending on when you joined it's a miracle anybody can keep up.
Absolutely right. Not forgetting pensions as reported in the tabloids, which bear little resemblance to any.The W+O was 1.5% in 1980, but only paid by men. I can't remember exactly when it was broadened to include women, but I'm reasonably sure it stood alone from any pension scheme. Whether it varied across CS, I don't know.
uknick said:
Ah, I see you were part of the Hong Kong civil service. So I can't comment on how that scheme worked.
Lol, whoops, proof I really don't have time atm.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff