H. C. S. Ferguson needs to check the pensions calculations (Letters, THES , December 14) in detail. Quite apart from the improbability of a lecturer clocking up 40 years of pensionable service by age 60, a retiree who converts all 40 years' worth of lump sum into added years, even if allowed, will achieve only 57.5 per cent of salary as pension, well below the two-thirds final salary the 1/60 formula gives.
Dick Leigh
University of Westminster
Register to continue
Why register?
- Registration is free and only takes a moment
- Once registered, you can read 3 articles a month
- Sign up for our newsletter
Subscribe
Or subscribe for unlimited access to:
- Unlimited access to news, views, insights & reviews
- Digital editions
- Digital access to 罢贬贰’蝉 university and college rankings analysis
Already registered or a current subscriber?
Please or to read this article.