Additional benefit flexibility options

If you do not wish to pay the increased contributions, you may opt for one of the following options at April in each year:

Option 1 – Benefit accrual based on 1/90ths
You can elect to reduce your standard contributions to 6% of Pensionable Salary and earn future benefits on a lower accrual formula based on 1/90th pension and 3/90ths lump sum for each year of Pensionable Service.

Option 2 – Benefit accrual under Section C
You can elect to be subject to Section C terms for future service benefits and pay Section C contribution rates. Your pension and lump sum will be calculated in the same way as under Section C for service from 1 April in the year you choose Section C terms..

Please note that it will generally not be possible to reverse any decision you make. It is important that you understand the terms that you are agreeing to by taking these options. More information (such as the Section C booklet) is available to help you.

Pension Services have the necessary form(s) that you'll need to complete.

Frequent questions

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