DB Pension help
Author
Discussion

alscar

8,349 posts

237 months

Wednesday 3rd January 2024
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First question - are you married and if so does either scheme differ in terms of what if you die first is then given as a percentage to her ?

xeny

5,438 posts

102 months

Wednesday 3rd January 2024
quotequote all
Normally each year of contributing to a DB scheme "buys" you a fraction of that years (or if you are really lucky your final salary's) income , say 1/60th or similar. Can you find those figures for the two schemes?

CARE actually stands for "Career Average Revalued Earnings" as the pension is valued as an averaged fraction of your earnings over the years you are in it.