Following the 2012 Scheme valuation, we’ve been issued with new factors for calculating the cost of Additional Pension. We’ll be implementing these factors shortly and communicating with affected members to explain their options.

Members who have already taken out an Additional Pension will be able to choose to either change the amount they’re paying for their election, or stop their election. During March/April we’ll send you a report, via the Employer Portal to let you know of any changes you need to make – please look out for this, as you’ll need to implement the changes from April’s payroll run.