Retiring early from Pensionable Service on medical grounds

If you cannot work because of ill-health, you may retire at any age with an immediate pension, subject to certain conditions and the consent of the Trustees and the Company.

If you apply for, or your employing company recommends ill-health retirement, the 2000 Plan’s Medical Adviser will prepare a report for the Trustees, and you will be asked to complete a form authorising the release of your medical records to support this. The Trustees must be satisfied that you are suffering from physical or mental impairment such that you will be permanently unable to undertake any regular work for any employer.

Your ill-health pension will be the greater of:

• The Basis 1 pension that you would have been entitled to if you had remained in Pensionable Service until age 65, but calculated using your Pensionable Earnings and the level of the basic State Pension at your actual date of retirement.

or

• The pension provided under Basis 2 or Basis 3.

Note
The Trustees have the power to reduce, suspend or terminate your ill-health pension if, in their opinion, this is justified by a subsequent change in your circumstances.