Gordon Lawrence

4th July 2003 at 01:00
Last week The TES used the example of 51-year-old English teacher Gordon Lawrence. Actuaries RSM Robson Rhodes estimated that he would seee his pension reduced by 4.5 per cent if the change of retirement age for existing staff came in 2008 and he decided to retire at 60 anyway.

Their calculations were based on the assumption that he would get an annual 4.5 per cent pay rise.

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