4.1.65 A rejoiner who has a preserved classicclassic plus or premium pension in the CSP arrangements will, in certain circumstances, be able to join this up with their new service:

  • where the rejoiner has had a break of more than 28 days but less than 5 years and goes into premium, they will be able to link their two periods of service;
  • where the rejoiner is not eligible to go into premium and joins nuvos, they may choose to link their preserved service. This option will not be available to those who left with a compensation payment. The preserved service will be converted into final salary benefits similar to premium but with the service adjusted to reflect the later pension age in nuvos, and (if the preserved award was in classic or classic plus) differences in the benefits structure. When the member takes their nuvos pension benefits, the final salary element of their pension will be worked out on their final pensionable earnings at that time. Their new service will provide nuvos benefits built up each year – in other words, they will have a mix of final salary and nuvos benefits. The Scheme Administrator will handle any linking enquiries from rejoiners;
  • where the rejoiner is eligible for alpha, they do not choose to link their preserved service. This is an automatic process based on the length of the break in their scheme membership. Over 5 years is a 'disqualifying break', and the pensions must remain separate, under 5 years is a 'qualifying break' and the pensions are linked automatically. Where the pensions are linked automatically and the preserved award was in classic, classic plus or premium (or had an element of nuvos pension based on final salary), this is cancelled and recalculated at the time that the member leaves the scheme again and will be worked out on their final pensionable earnings at that time.
Published:
23 December 2021
Last updated:
23 December 2021