Your deferred benefits keep their value – we increase them every year in line with the cost of living (the Retail Price Index) whilst they are deferred. We continue to increase your pension in this way once we pay it to you.

If you draw your benefits before age 55 because of permanent ill health and you are too ill to do any regular full-time job, cost of living increases will be paid straight away. Otherwise, if you draw your benefits before age 55 you will normally have to wait until your 55th birthday for your first cost-of-living increase but we will then bring your pension up to the level it would have been at if we had increased it each year.

Should there be any information you require which cannot be found, in this section or within the site please do not hesitate to contact the pension fund.

All 'Keeping their' information within this page has been sourced from the
'Deferred Benefits Guide for Leavers After 31st March 2008'