What's Janna worth

3rd June 2005 at 01:00
Janna has been in the Teachers' Pensions Scheme for 20 years and has a final salary of pound;30,000. So under the current rules, her pension would be pound;30,000 80 x 20 = pound;7,500 a year. Her lump sum would be Pounds 7,500 x 3 = pound;22,500. In a 60ths scheme, Janna's pension would be Pounds 30,000 60 x 20 = pound;10,000. She would only have to give up pound;1,875 of it to get the same lump sum as under the current scheme, pound;22,500, leaving her with a pension of pound;8,125 a year.

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