The following section sets out the benefits payable to active members from the Scheme (under certain circumstances and criteria).

Examples of Scheme benefits include:

  • A monthly pension at retirement which is subject to annual increases in line with the Retail’s Price Index
  • Tax-free lump sum option at retirement
  • Ill health benefits, if you’re seriously ill or unable to continue working
  • Lump sum death benefits that can be paid directly to your loved ones if you were to die
  • Spouse or dependant, and child pensions if applicable, paid in the event of your death.