We’ve updated our calculators to reflect the Transitional Protection changes. Our quick pension estimate will help members understand more about when they could retire or the lump sum they may receive upon retirement.

Based on the figures members provide the calculator will tell them:

• If they’re likely to be affected by Transitional Protection
• Estimates of their final pension for the remedy period service (final salary and career average scheme) if they’re likely to be affected
• Service to today and projections of service up to Normal Pension Age (NPA) or a member selected retirement age
• The maximum tax-free lump sum possible
• The maximum pension members have to give up to receive the maximum lump sum
• Their normal retirement age
• If they select retirement age before NPA, reduced final pension as the benefits are adjusted due to being paid longer
• Their estimate of benefits based on full-time employment or fixed part-time employment.

We advise you to encourage members to use our new calculator.

There are limitations to what the calculator can provide so please make sure members are aware of this when looking at results.