Leaving before pension age
What happens to my pension if I leave before pension age?
Please find details below.
| Arrangement | Under 2 years service |
Over 2 years service |
|---|---|---|
classic |
Single members – will get a refund of contributions, plus interest less income tax; Married members – we will pay you back into the State Second Pension (S2P); or You can transfer your classic benefits to another pension scheme. |
We will preserve your pensions until you reach age 60. You should claim this 3 months before your 60th birthday; or You can transfer your classic benefits to another pension scheme. |
classic plus |
As above; or Alternatively, you can have a refund of your contributions for your service on or after 01.10.02 less the cost of paying you back into the state scheme |
As above |
premium |
Married & single members will get a refund of contributions, plus interest, minus the cost of putting you back into the S2P and less income tax; or You can transfer your premium benefits to another pension scheme. |
As above |
partnership |
If you leave your job, your employer contributions will stop. You can transfer your fund to another pension provider or pension scheme or you can continue paying into it to earn investment returns. You can draw your pension at any age from 50 to 75. |
Same as for under two years service. |
Find out more
You can find more detailed information in the booklets held in the resources section, under the heading ‘leaving before age retirement’.
You can also contact the Member Administration Section, you can find their number in the contact us section.
You may be eligible to receive early payment of your preserved award - application can be made through the Member Administration Section. You can find their number in the contact us section.
