Scheme pension age

The scheme pension age for nuvos members is currently 65. For classic, classic plus and premium members, it is currently 60.

Your responsibilities to classic, classic plus, premium, nuvos and alpha members

Members who leave on or after the scheme pension age must receive payment of their benefits as soon as possible after their last day of service.

Widow(er)’s Pension Scheme (WPS) refunds

All classic members contribute 1.5% of their salary towards a pension for their spouse or civil partner in the possible event of their (the member’s) death.

Unauthorised payments – late lump sum payments

A Pension Commencement Lump Sum (PCLS), which could include a WPS refund and/or an Additional Service Payment (ASP), paid 12 months after the pension is paid, is classed as an unauthorised payment.

Members reaching age 75 (classic, classic plus, premium or nuvos)

Members with partnership pension accounts

There is no scheme pension age for partnership members.

Your responsibilities to partnership members

When the member decides to leave, you must tell your payroll to stop paying contributions.

Published:
5 January 2022
Last updated:
13 January 2022