title: Planning for your retirement.
abstract: The new NHS pension scheme is due to come into effect in 2015. In this scheme, pensions will be calculated on the basis of earnings averaged over the length of a career rather than the worker's final salary amount, as it is now. The amount by which pensions increase each year as employer and employee contributions are added to the pension pot (known as the accrual rate) will be 1/54th of each year's earnings.
authors.forename: Teri
authors.initials: T
authors.lastname: Harman