I understand the the TPS is a very good scheme. Or at least, I thought I did. But I've been browsing pension website calculators and putting in the amount I earn, and the amount I pay in pension contributions, and a suggested retirement date of 65... and all seem to say that I'd end up with a pension of more than half of my current salary, uprated by inflation. That's better than I'd get with the TPS. Now, I realise that the TPS, being defined benefit, is a much more reliable approach (at the moment), but doesn't this rather disprove the argument that any taxpayers would be subsidising my pension? Have I misunderstood something?