When you leave your employer we calculate your benefits and send you a statement showing how much you had built up at the date you left the scheme. Refund of contributions If you leave the scheme with less than two years’ membership you will be entitled to a refund of your pension contributions, less deductions. In the scheme before April 2014? If you joined the scheme before 1 April 2014 and left on or after 1 April 2014, with at least three months’ but less than two years’ membership, you can take a refund of your contributions or leave your benefits in the scheme as deferred benefits. Or you could transfer your WYPF pension to another pension scheme. Two years’ membership or more If you leave the scheme with two years’ membership or more, and before you’re entitled to actually get your pension, the pension benefits you’ve built up will become deferred benefits. Deferred benefits increase every year in line with the Consumer Prices Index, so they keep their value. You can take your deferred benefits when you get to normal pension age (which is the same as your state retirement age), unless you decide to take them earlier at a reduced rate, or later at an enhanced rate. If the government changes the state pension age in the future, your normal pension age for the any deferred benefits you build up from 1 April 2014 will change too. In the scheme before April 2014? If you were in the scheme before 1 April 2014 and built up deferred benefits, you’ll be able to take those deferred benefits from your protected normal pension age and this won’t change in the future. Or you could transfer your WYPF pension to another pension scheme. Each year we’ll send you a statement showing: the value of your benefits when you left the scheme, and the current value of your benefits, including the 'cost of living' increases we add every April.