Leaving the Civil Service for Network Rail, struggling with if the pension change is worth it?

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I've been offered a Network Rail job for £1000 more a year than I make now working in the Civil Service. However I'm in my late 30s with only 6 years of Civil Service Pension.

My current pension is Civil Service Alpha and is very good. If I moved to Network Rail it seems like I take CARE as a defined benefit scheme. But I'm pretty sure (even CPI linked) it's not close to my current pension?

Then after 5 years I can apply for the Railway Pension Scheme, which is apparently very good. But I can't actually seem to find any details on why?

To be honest taking the new job has lifestyle perks, like being a 10min walk from home and more leave and no Sundays lol.

Any guidance on the pensions would be great though, I feel like my brain is melting trying to work it out.

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polyshotinthedark

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Posted: 1 year ago
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