Silv1983
Member
Hi all,
Im currently in the recruitment process for Trainee Driver with Northern. Just waiting for an interview / assessment centre date. I don't want to get too ahead of myself but it can't hurt to know the facts.
Can someone explain how the pension system works please? I know Northern pay 1.5 X your contributions but that's it! What % of a final salary is given, and is there a lump sum or just monthly payments? Are the rates fixed or is it a case of "more the merrier at retirement". Also how many years does an employee have to work to get a full pension. At 28 yrs old I like to think I've got 35-40 years in me yet!
Im currently a serving police officer with 5 years of pension contributions which I would look to transfer or "cash out" and re-invest. Obviously I know the in's and out's of the police pension system but not a scooby with private TOC's. I've tried googling without avail :roll:
Many thanks in advance.
Silv
Im currently in the recruitment process for Trainee Driver with Northern. Just waiting for an interview / assessment centre date. I don't want to get too ahead of myself but it can't hurt to know the facts.
Can someone explain how the pension system works please? I know Northern pay 1.5 X your contributions but that's it! What % of a final salary is given, and is there a lump sum or just monthly payments? Are the rates fixed or is it a case of "more the merrier at retirement". Also how many years does an employee have to work to get a full pension. At 28 yrs old I like to think I've got 35-40 years in me yet!
Im currently a serving police officer with 5 years of pension contributions which I would look to transfer or "cash out" and re-invest. Obviously I know the in's and out's of the police pension system but not a scooby with private TOC's. I've tried googling without avail :roll:
Many thanks in advance.
Silv