Each year, you will build up a pension at a rate of 1/49th of the amount of pensionable pay you received in that scheme year. The amount of pension built up during the scheme year is then added to your pension account and revalued at the end of each scheme year.
The scheme year runs from 1st April to 31st March.
If you joined the scheme before 1st April 2015, you have built up benefits in the final salary scheme. These benefits are calculated differently.
More information on how your benefits are calculated can be found here.
You can view your benefits built up so far on your SPFOnline pension account.
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