Here's Sumi - we looked at her pension statement last year, so let's see how things have changed a year down the line... Sumi joined in 2014, so because of this, she just has career average benefits. She is 35.
This year we have removed a lot of the personal information we hold about you from this statement to protect your data. Instead, we now show your new pension number which you can quote if you contact us.
Sumi only has one job with this employer. If she had more than one job, she would get a separate statement for each pension.
This year we are launching My Pension – an online service that you can use to keep on top of your pension with GMPF. Simply use the activation key we have given you here to set up your account.
This shows how much Sumi has built up so far towards her pension.
This is an estimate of Sumi's total pension at retirement, but based on current pay to show her its value in today's money.
This page shows Sumi's current benefits at 31 March 2018.
Sumi's career average benefits are actual figures, as they have been based on her pay each year since April 2014.
Sumi's career average pension will be worked out each year as we go along, based on her pay for that year.
But to give Sumi an idea of its value in today's money, we have just projected her benefits based on her building up 1/49th of her current pay each year until normal pension age.
If Sumi gets paid overtime during the year, this is included in the pay for her pension.
Sumi can take a bigger lump sum when she retires, by giving up some pension.
So she can take the standard package (as shown) or the maximum lump sum package (as shown) or anywhere in between!
If Sumi does pay in until her normal pension age of 67, there will be no reduction in her pension benefits.
Here is the value of Sumi's lump sum death benefit.
This is the date that Sumi made a nomination. We no longer list your nominees on your statement but you can view and amend them at any time on your My Pension account.
The amount of cover Sumi has is linked to her pay, so changes each year as her pay changes.
As with many members, we don't actually know whether Sumi has a spouse. But to give her an example we show the value of a spouse's pension in all cases.
The value of the spouse’s pension is linked to Sumi's pay, so it changes each year as her pay changes.