final pension calculated
Datafile
Variable note:
This variable is part of the "Field Work Compression Experiment". See the description of experiments in the IP User Guide.
Question asked in the latest wave:
workconditions_ip13.penmtp
Question label:
Final pension calculated
Question text:
There are two main ways in which your pension entitlement can be worked out in an employer's pension scheme. Which of these statements best describes how your pension will be calculated?
Question universe:
if (ff_compressionw13 = 1) | ((ff_compressionw13 = 2) & (FWCINTRO.fwcintro = 1)) (Fieldwork compression experimental group 1 OR fieldwork compression experimental group 2 and has agreed to continue)
and if CURRENTEMPLOYMENT.JBSEMP = 1 (employee)
and if JBPEN = 1 (pension scheme at respondent's employer)
and if JBPENM = 1 (respondent is a member of employer's pension scheme)
Further details:
For further details about this question, please see the questionnaires
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 1968 | 86.81% |
| proxy | -7 | 15 | 0.66% |
| refusal | -2 | 2 | 0.09% |
| don't know | -1 | 29 | 1.28% |
| My pension is/will be based on a formula involving age, years of service and salary | 1 | 72 | 3.18% |
| My pension contributions are put into a fund which grows over time and my pension depends on the size of this fund when | 2 | 147 | 6.48% |
| Combination of the two statements/other | 3 | 34 | 1.5% |
| Total | 2267 | 100.0% |
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 2004 | 93.25% |
| proxy | -7 | 125 | 5.82% |
| My pension will be related to my salary in my final year (or | 1 | 7 | 0.33% |
| My pension will depend on the value of contributions paid to | 2 | 10 | 0.47% |
| TF_Spontaneous Combination of the two statements/other | 3 | 3 | 0.14% |
| Total | 2149 | 100.0% |
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| inapplicable | -8 | 2146 | 89.98% |
| proxy | -7 | 206 | 8.64% |
| don't know | -1 | 1 | 0.04% |
| my pension will relate to salary in final year/s and no.years in the scheme | 1 | 19 | 0.8% |
| my pension will depend on value of contributions & rate of investment return | 2 | 13 | 0.55% |
| Total | 2385 | 100.0% |
