To maintain the purchasing power of pensions the pension is
increased annually in line with the increase in the Consumer
Price Index (CPI) as at the previous September.
The increases are payable from the first Monday following the
5th April in each year and each retired member is notified of the
If a retired member has not been retired for a whole year they
will receive a proportion of the full increase in the first
If retirement occurs before age 55, other than on ill health
grounds, the increase will not be payable until the retired member
attains age 55.
The increase paid on 7th April 2009 was 5%.
Pensions are paid monthly in arrears on the last banking day of
each month. The pension is paid directly into the pensioner's bank
or building society account via BACs (bank automated clearing
Pension advice slips are only sent out in April each year unless
the net payment changes by £1.00 or more, or if you change your
address, tax code or bank / building society account.
Please notify change of bank or building society account by
letter or by completing a Bank
Form (213 KB).
Please notify change of address by letter or by completing
of Address form (4 KB).
If you leave employment before normal retirement age your
pension benefits will be deferred and you will become a deferred
Deferred pensions can also be known as preserved pensions, or
When you leave you will be notified of the value of your
deferred pension benefits and receive an Annual Benefit
The benefits can be paid to you at the minimum age of 60,
with possible reductions. However, you may defer payment
until no reductions apply.
If you change your address after becoming a deferred member
please keep us informed by letter or by completing a
Change of Details Form (4 KB).
Death in Service
If an active Scheme member dies a Death Grant equivalent
to 3 times the pensionable pay earned in the last 12 months of
employment is payable.
The Death Grant will normally be paid to the nominated person on
Grant Nomination Form (69 KB).
If the member has not completed a Death Grant Nomination
Form the Death Grant will be paid to the member’s
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