Your benefits in the DB Section
Provided you still have benefits in the DB Section, these will usually be payable from Normal Pensionable Date. Staff Pensions Administration will write to you to explain the options open to you. Please ensure that if you move address that you keep the administrators informed.
I retire early?
If you do retire early your pension will be reduced to reflect the fact that it is likely to be paid for longer.
my pension keep in line with inflation?
If you joined the DB Section before 6 April 1997, the part of your preserved pension that forms your Guaranteed Minimum Pension (GMP) will be increased by the Scheme in line with National Average Earnings for every complete tax year between the date you leave and State Pension Age.
Can I receive early payment of my preserved pension if
I am too ill to work?
I have paid Additional Voluntary Contributions, can I
change the way they are invested even though I have left the company?
If you paid AVCs on a 'money purchase' basis, you would have selected the funds in which to invest from the range made available by the Trustee. Now that you have left you can continue to make decisions on the investment of your AVC account. Please contact Staff Pension Administration.
Are my dependants still covered if
Do I still receive an annual benefit statement?
* prior to April 2011, the Retail Prices Index was used instead of the CPI