Deferred benefits

Keeping your pension in the Scheme

When you no longer pay into the Scheme, your pension will be based on the length of membership you have built up and your pay during your membership, in the same way as for retirement.

It is then held in the Scheme where it increases in value every year in line with the cost of living, until you receive payment.

You can read more about what happens to your pension if you leave them in the fund in the No longer paying in section of this site.