Each year we send out pension statements with details of your deferred benefits.
This year's statements mail during May.
It shows the value of your benefits when you left the scheme and their up to date value. Sorry, due to possible future changes in State pensions, we are not including any information about your State pension until further notice.
Will everyone with deferred benefits get a statement?
As long as your deferred benefits were set up before 31 March 2018, and we have your correct address, you will get a statement from us.
What is the increase this year?
The rate of inflation we use is the CPI (consumer prices index). This is measured each Autumn, then our pensions are adjusted in line the following April. The rate of CPI this time round is 3%.
Please note: this is the rate for the full year, so if left the scheme part way through the year, your percentage increase will be a proportion of the full year's rate.
When can I draw my deferred benefits?
This used to depend on what the scheme rules said at the point you left. But due to a very recent change in the scheme rules, most members can now draw their deferred benefits from age 55, although early retirement reductions may apply. You can find out more about drawing your benefits on the following page: More information about when you can draw your deferred benefits.