The scheme pension age for nuvos members is currently 65. For classic, classic plus and premium members, it is currently 60.
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.
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.
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.
There is no scheme pension age for partnership members.
When the member decides to leave, you must tell your payroll to stop paying contributions.