Overtime

All of the pensionable service a member built up in the career average scheme during the remedy period will be moved to the final salary scheme when legislation takes effect on 1 October 2023. This is referred to as ‘roll back’.

For affected members who worked overtime during the remedy period (1 April 2015 – 31 March 2022), they’ll need to make a decision on what they want to do with these contributions. While it’s pensionable in the career average scheme, overtime isn’t in the final salary scheme.

You can:

  • Accept a one-off compensation payment
  • Defer their compensation payment until they decide to take the benefits they’ve built up during the remedy period and make their choice between final salary and career average. If the member then chooses final salary, they’ll be compensated whereas if they choose career average, they’ll be reinstated unless you’re over retirement age, in which case they’ll be compensated.
    • Last Updated: 28/09/2023 14:49

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