late retirement

You may decide to postpone payment of your benefits with Fund until after your Normal Pension Age (NPA). The retirement benefits payable will be calculated in one of two ways. Either:

  • Your retirement benefits will be based on your NPA, and your pension payments will be backdated between your NPA and when you retire


  • Your retirement benefits will be calculated at your actual retirement date and increased to account for the fact that it is being paid later

If you are considering postponing the payment of your retirement benefits past your NPA, please contact the Administration Team to discuss, as this can impact the benefits payable if you die before taking your pension.

The Fund provides access for members to the Pension Decision Service (PDS) which offers guidance on the right retirement options available to you. You will be sent information on the PDS as part of retirement quotes issued to you. You can find out more information here.