Getting a pension quote When you’ve decided on the date you’d like to retire within the next 12 months, then you’ll need to get a written pension quote, which provides details of your benefits.
If you’re in the 100 + Section (post-April 2005), you can request a pension quote from the Leonardo Electronics Scheme administrator, XPS Administration.
If you transferred from BAE Systems to Leonardo Electronics (Selex) in April 2005, you’re likely to have benefits in two schemes – the Leonardo Electronics Pension Scheme and a BAE Systems pension scheme.
You’ll need to contact the administrators of both schemes for your pension quotes and then add these together to get your total pension benefits. 1. Contact XPS Administration to request a pension quote for your benefits in the Leonardo Electronics Pension Scheme. 2. Contact BAE Systems pensions, the BAE administrator, to request a pension quote for your benefits in a BAE Systems scheme. 3. Add the benefits together from the two quotations.
Once you have decided on a date for your retirement, you will need to complete and return retirement options forms to both XPS Administration and Mercer. XPS Administration and Mercer will then put both of your pensions into payment, and you will receive pension payments from two sources, making up your total pension benefit. In addition, if you are a member of FuturePlanner, you will need to contact XPS Administration by emailing futureplanner@xpsgroup.com or calling 0118 467 5900 to obtain a quotation of your FuturePlanner benefits and consider how you wish to take them.