Overview of the Scheme benefits

The Scheme provides its members with a range of valuable benefits, which include:

  • a pension payable when you retire
  • the opportunity to take some of your pension as a tax-free cash sum at retirement
  • the opportunity to save more while you’re working and increase your benefits
  • annual increases to your pension in line with inflation, once your pension is being paid
  • early retirement pension options
  • death benefits and ill-health benefits.