As you approach your Normal Retirement Date
As you approach your Normal Retirement Date the Administration Team will automatically send you a retirement quotation and all the documentation you will need to complete.
You can expect to receive your quotation around six months before your Normal Retirement Date.
You return your completed retirement forms
Once you have decided how you wish to take your benefits simply complete and return all the documents.
You will need to provide originals of the certificates requested but these will be returned to you in a couple of days.
The Administration Team checks and calculates final figures
Once you have returned the documentation, the Administration Team will undertake all the final checks in readiness to start paying your pension.
The Administration Team arranges for your pension to be paid
Once all the checks have been completed the Administration Team will update your record in readiness to start paying your pension.
Your retirement date
The day has arrived. You are now a Pensioner member of the DB Section.
Your lump sum is paid (if any)
If you chose to take some of your benefits in the form of a lump sum this will be paid directly to your chosen bank account on your retirement date, or as soon as practical after this date.
The Administration Team confirm everything is set up
The Administration Team will write to you confirming everything has been arranged.