Here you will be able to find out about Pension Payments, Death Benefits after Retirement and Pension Increases for those who paid contributions into the Defined Contribution Plan.
Pension Payments
If you purchased an annuity, you will receive your payment from the Insurance Company from which you bought the Annuity. The Scheme does not pay your Pension.
Death Benefits after Retirement
Your Death Benefits after Retirement will depend on the Annuity you have selected. Any benefits that you are entitled to will be paid by the Insurance Company from which you bought your Annuity, not by the Scheme.
Pension Increases
Any increases will depend on the Annuity you have selected and will be paid by the Insurance Company from which you bought your Annuity.
Update regarding Employer Contributions and Life Assurance Cover
All members of the Scheme's Defined Contribtion (DC) plan were sent a letter in February 2024 detailing changes to Employer Contributions and Life Assurance Cover. A copy of the letter can be found below.
DC Member Letter re Employer Contributions and Life Assurance Cover