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Deferred
Retired
CouncillorsBefore you retire
Deferred benefit statement
Each year around May we will send you a Deferred Benefit Statement
The statement shows how much your benefits were worth at the time of leaving your employer and; how much they are worth now with the pension increases that are added each April.
Before you are 65
We will contact you three months before your 65th birthday to arrange payment of your benefits.
Taking your benefits earlier than 65
You can claim take your benefits anytime after your 60th birthday but possibly at a reduced rate. If you decide to claim your benefits after age 60 but before age 65 contact us for a quote. We will also send you a booklet explaining your benefits; and some forms to fill in if you want to go ahead with your claim.
If you fall ill, your deferred benefits can be paid from any age. You need to apply in writing to your former employer, and they will arrange for you to have a medical. You can contact us to find out the address of your former employer, but we will only be able to pay your benefits earlier on ill-health grounds if your employer tells us to.
Balancing your benefits
When you have got your pension quotation, as long as you keep within the limits set by HM Revenue & Customs you can give up part of your pension to get a bigger lump sum.
Have a look at the statement that you got with your pension quotation. It shows you the maximum amount of pension you can give up, and how much extra lump sum you will get.
Claiming your pension
When you have got your pension quotation, as long as you keep within the limits set by HM Revenue & Customs you can give up part of your pension to get a bigger lump sum.
Have a look at the statement that you got with your pension quotation. It shows you the maximum amount of pension you can give up, and how much extra lump sum you will get.
Claiming your pension
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