Your retirement might be in the distant future or could be approaching in the coming years but when the time does come for you to retire, you’ll be offered a choice - whether to take alpha or PCSPS benefits for any service between 1 April 2015 to 31 March 2022.
Any active or deferred member of the scheme, who is impacted by 2015 Remedy (McCloud) and has not yet retired, can now access an initial assessment* of how they might be affected financially for the period of 1 April 2015 - 31 March 2022.
Whilst we can’t tell you just yet what your benefits will look like under both schemes for this period (active members will receive this information in their Annual Benefits Statement next year), we hope this initial assessment as to the likely benefits comparison will be helpful to you.
For more information on 2015 Remedy (McCloud) visit: 2015 Remedy (McCloud)
*Please note that the figures provided are for illustrative purposes only and are not specific to you as an individual or have any bearing on your future personal calculations. The illustration focuses on the 7-year 2015 Remedy (McCloud) period, providing an initial assessment as to your likely benefits comparison. Your final bespoke information and calculations will be provided to you when it is time to make your choice. The Remedy Benefits Illustrator tool is not suitable for retired or partially retired members.