For an overview of what the 2015 pension changes mean for you, have a look at the ‘at a glance’ guide that relates to your current scheme;
To understand what the introduction of alpha means to you, you need to know what your ‘Normal Pension Age (NPA)' was before 1 April 2015. NPA is the earliest age that you can usually take your pension benefits without reduction. If you were a member of classic, classic plus or premium, this was likely to be age 60; if you were in nuvos it is likely to be 65.
If you were more than 13.5 years from your Normal Pension Age on 1 April 2012
It is likely that you moved to alpha on 1 April 2015.
The service and / or benefits that you have already built up in your current scheme to April 2015 will remain unchanged.
If you were between 10 and 13.5 years from your Normal Pension Age on 1 April 2012
You may have been offered the choice to move straight into the new scheme from day one (1 April 2015) or stay in your current scheme for a set period beyond April 2015. The length of that period will depend on your age on 1 April 2012.
See more detail on dates you may move into alpha.
If you were eligible to make a choice you should have received an Options Pack in late 2014, which gave you all the information you need to help you make this decision.
For more information about the Options Exercise read the Options Exercise information.
If you were 10 years or less from your Normal Pension Age on 1 April 2012
It is likely that you will not move into alpha. There will be no change to your current pension arrangements and your Normal Pension Age will remain the same.
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