How do I apply for my benefits?
If you wish to retire and are paying into the Scheme, you should get an estimate using the My Pension Online service.
If you are currently paying in to the Scheme, let your employer know at least four weeks before your retirement date. On receipt of the relevant retiral information from your HR/Payroll department, we will advise you of your benefits and options which you will be able to complete via the My Pension Online service.
You can request payment of your deferred pension benefits through My Pension Online.
Get an estimate
The information used within the My Pension Online service is identical to the information held on the pension administration service so it is the same information as would be provided within any Fund estimate. For members currently paying into the Scheme, the information we hold is based on the information your employer provided and is not updated when providing estimates and will only be requested at the time of retiral unless there has been an error.
Step 1
Sign in or register for My Pension Online.
Step 2
Go to Benefit Calculators then Voluntary Retirement.
Step 3
If you've more than one active pension with us, you can choose which pension to calculate your estimate for. Change the date to when you want to receive your pension from then click Calculate.
Step 4
Your figures for that date will be shown and along with any reduction that may have been applied for early payment. You can use the slider to see what your pension would be if you take any tax-free lump sum up to the maximum allowed.
Your annual benefits statement shows your benefits estimated at your Normal Pension Age (NPA) (equal to your State Pension Age). Your benefits may be reduced if you take them before your NPA.
Tell your employer when you are retiring
Once you have decided you are going to retire you should tell your employer. Your employer will let the Fund know the date of your retirement and provide your final pay.
We expect to be informed at least 4 weeks prior to your retirement but there can be delays.
Occasionally you may need to contact your employer to remind them to send the forms in for a retirement as any delay can mean you receive your benefits late.
Once your employer lets us know you are retiring, we will send you an email to let you know you can choose your benefits using the online service. Go to My Pension Online and you will see retirement tasks to complete including choosing your pension and lump sum benefits.
Once you reply with all the information requested, any lump sum will be paid into your bank account and your pension payments begin at the next pay period. Pensions are paid in arrears on the 15th of the month so if your retirement date is close to this date, you will receive this with your second pension payment.
