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<blockquote data-quote="AndBreathe" data-source="post: 1371406" data-attributes="member: 88961"><p>Most medical retirements mean one of two things in final salary pension schemes - either a discounting is applied to the pension you receive (meaning at day 1 you receive less, and usually then increased in line with whichever inflation measure they use, from that reduced starting point. Alternatively a pension is granted at the full rate, reflecting the accrued service and the terms of the scheme, but no increases are granted until the normal retirement date is reached. In each case, your pension would be based on today, whereas in three years your salary would likely to be higher, which would reflect in your pension and indexing. Over time the amount of difference really can add up, as your remaining life should be long.</p><p></p><p>If you haven't already, I suggest a good, thorough read of any pension scheme booklets or websites you have access to, and get the calculator out.</p><p></p><p>From the insulin you are on, I'm assuming to vary the amounts of novorapid to match your foods?</p><p></p><p>These days, final salary pension schemes are expensive, for both the employees (particularly when benefits are available, by right, so young), and for the employer, due to the fixed nature of the benefits and the inbuilt increases, but they are a very valuable resource.</p><p></p><p>What are the two things you find hardest? There are some fab people on this site, with so much experience in dealing with diabetes. They may have something that could be useful to you.</p></blockquote><p></p>
[QUOTE="AndBreathe, post: 1371406, member: 88961"] Most medical retirements mean one of two things in final salary pension schemes - either a discounting is applied to the pension you receive (meaning at day 1 you receive less, and usually then increased in line with whichever inflation measure they use, from that reduced starting point. Alternatively a pension is granted at the full rate, reflecting the accrued service and the terms of the scheme, but no increases are granted until the normal retirement date is reached. In each case, your pension would be based on today, whereas in three years your salary would likely to be higher, which would reflect in your pension and indexing. Over time the amount of difference really can add up, as your remaining life should be long. If you haven't already, I suggest a good, thorough read of any pension scheme booklets or websites you have access to, and get the calculator out. From the insulin you are on, I'm assuming to vary the amounts of novorapid to match your foods? These days, final salary pension schemes are expensive, for both the employees (particularly when benefits are available, by right, so young), and for the employer, due to the fixed nature of the benefits and the inbuilt increases, but they are a very valuable resource. What are the two things you find hardest? There are some fab people on this site, with so much experience in dealing with diabetes. They may have something that could be useful to you. [/QUOTE]
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