A strike will have an effect on your pension by each years of service and wage.
Throughout a strike, a instructor’s day by day fee of pay is .5 per cent, or 1/200 of annual wage. For instance, for a 10-day strike, you’d lose 10/200, or 5 per cent annual wage. You’d additionally lose .95 of a yr of pensionable service.
The size of the strike is just not included within the calculation of your pension. Within the calculation of your pension, the lacking 10 days could be used from the earlier yr to make up the 60 highest consecutive months’ calculation. This could doubtless be at a decrease wage fee in comparison with what you’d have earned if the strike didn’t happen.
You can’t purchase service misplaced on account of a strike. However you have got the choice of retiring at a later date to make up misplaced service.
