As an alternative to leaving your deferred benefits in Level 100+, you may choose to take a transfer payment to either your new employer’s scheme or to another pension arrangement. This can be requested at any time up to a year before your Normal Retirement Date and will be the cash equivalent of your benefits (including death benefits but excluding any allowances for discretionary benefits).

Having left service you may request that the Trustees provide you with a statement of entitlement of your cash equivalent. You should receive this statement within three months of your written request.

If you have at least 3 months but less than 2 years' Qualifying Service, you can choose to take a transfer as above instead of a refund of your contributions. You have 3 months after leaving to choose this option and the transfer must be completed within 6 months of leaving service.



Please contact the Pensions Service Centre for more information.