Does Job Sharing Affect Pension?

waterfaerie

Does anyone know what this actually means?

10. I am job-sharing – how is my pension calculated?

You have your job-sharing service treated on a pro-rata basis, i.e. 1 year = 183 days and the pensionable remuneration is the notional full rate of pay for the job. This means that the period of job-sharing is reckoned pro-rata to wholetime pensionable service and the pensionable remuneration is based on the wholetime equivalent pensionable remuneration.

I can't make sense of the above. Does it affect your pension or not? Does it count as half a year?

Millem

waterfaerie wrote: »

Does anyone know what this actually means?



I can't make sense of the above. Does it affect your pension or not? Does it count as half a year?

1 year of job share counts as half a year of work for pension.

waterfaerie

Millem wrote: »

1 year of job share counts as half a year of work for pension.

Thanks a million. I thought that would be the case. I don't know why they can't word it clearly!

amen

That is very clear. It caters for all cases include job sharing for periods of days/weeks/months/years