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Reduction in pay

Pay & membership
Together with your membership, pay is one of key things we use to work out your benefits. So if you have a pay cut – perhaps because of a job evaluation exercise, or because you choose a lower graded job, you could lose out. So here we look at your options for reducing or avoiding the impact of this on your benefits.

The three options are:

Reduction in pay

* Option 1: Using actual final pay

* Option 2: Using a 3 year average from your final 13 years

* Option 3: Choosing deferred benefits (Only if allowed by employer)

* Frequently asked questions (FAQs)

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