We’d like to remind you to check the Employer Portal for Faster Accrual elections sent in by your employees. You’ll need to complete your part of the form before the election is finally submitted to us.

The deadline for us to receive fully completed elections is 31 March 2024.

We’ve got a dedicated webpage for Faster Accrual which has information to help you with member queries, including an example of the Accrual Rate of pension that can be earned by a member, and a factsheet (PDF, 131 KB) (This link opens in a new window)which you can share with them.

For active and deferred members whose service was rolled back on 1 October 2023 to the final salary scheme (as part of the Transitional Protection changes) and have now entered the career average service for the first time on 1 April 2022, they’ve the option to make a Buy Out election. However, the closing date of 31 March to do this is fast approaching.

You can find out more information on our website.