Too young to claim the pension

Leaving employment but not retiring?

When members leave the scheme it is the responsibility of the employer to inform the Pension Section in good time, and to provide accurate pay details that will be required to calculate the pension benefits by completing an ePen3 form.

A scheme member who undergoes a change in their employment which requires a change in Pension Scheme entirely is still regarded as a scheme leaver and the same criteria applies. This applies for example, to staff that are transferred from the Local Government Scheme, to perhaps the Teachers Pension Scheme or the Universities Superannuation Scheme due to a change in role.

What age must an employee be to qualify for retirement benefits?

Upon reaching age 55, the member will be offered their pension benefits as long as they have been a member of the scheme for over 2 years. The member can receive their pension benefits anytime between age 55 and 75. However the earlier the pension is paid, the lower it will be and likewise, the later it is before the pension is drawn, the nearer the full pension the amount will be.