Short YouTube conversation (Ndubuisi 'Andy' Egwim with a secondary speaker) arguing that the NHS pension is a defined-benefit scheme that removes investment risk from individual members. The speakers contrast NHS pensions with private pensions, noting NHS pensions are based on service length and salary and are government-guaranteed, so income remains secure during market downturns.
No investment risk.
Now while I've always been a big fan of investing.
And I appreciate the benefits it.
Offers and has helped me to get to where I got to, I firmly believe the importance of saving.
Some of your money in a place.
Where it's not exposed to investment risk.
That's where the NHS.
Pension comes in. Unlike the private pension schemes, your NHS pension income.
Which is a.
Defined benefit.
Scheme, is based.
On your service length and salary.
Rather than your you know how up and.
Down the stock market goes. It takes away.
That risk for you. With the government.
Guaranteeing your pension income, you don't need.
To worry about the.
Ups and downs of the market or.
How well your.
Pension investment.
Returns are going. So think about it. When the economy is shaky, like during.
The stock market downturns or recessions, people with private pensions might see their savings go down. However, NHS pensioners can relax knowing that their income is.
Secure and won't change.
As a result of market fluctuations.
