Early Payment of Deferred Pension

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Early payment option
Your deferred pension can be paid any time after the first day of the month following your 50th birthday. If you take your pension early it will be reduced to allow for the extra years over which your pension will be paid. The level of reduction will be agreed between the Trustees and the Company, who will be advised by the Scheme’s Actuary.
 

Discretionary Option
The Trustees have the discretion to apply more favourable terms if you are able to satisfy the Trustees that due to your state of health, you are unable to resume any remunerative employment with any employer. You may apply for ill-health retirement at any time before your Normal Retirement Date.