Transferring-out

A random set of BAE images As an alternative to leaving your deferred benefits in the 2000 Plan, you may choose to take a transfer payment to either your new employer’s pension scheme or to another registered 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 the Trustees to provide you with a statement of entitlement of your cash equivalent. You should receive this statement within three months of your written request.