What's in a week?

16th July 2004 at 01:00
I retire at the end of August, aged 60. I will not be eligible for progression to point 3 on the upper pay spine. If I retired a week later, I would be. Is this unfair?

While I sympathise, I do not think it is unfair. You have known for a while that changes to pay scales often occur at the beginning of September. If you'd wanted to take advantage of a higher final salary, you could have asked to work beyond your 60th birthday and retire at Christmas. Assuming your pay would have risen by around pound;1,000 from the extra point on the pay spine, the maximum you will have lost in take-home pension is about pound;6 to pound;7.50 per week.

Log-in as an existing print or digital subscriber

Forgotten your subscriber ID?


To access this content and the full TES archive, subscribe now.

View subscriber offers


Get TES online and delivered to your door – for less than the price of a coffee

Save 33% off the cover price with this great subscription offer. Every copy delivered to your door by first-class post, plus full access to TES online and the TES app for just £1.90 per week.
Subscribers also enjoy a range of fantastic offers and benefits worth over £270:

  • Discounts off TES Institute courses
  • Access over 200,000 articles in the TES online archive
  • Free Tastecard membership worth £79.99
  • Discounts with Zipcar, Buyagift.com, Virgin Wines and other partners
Order your low-cost subscription today