For active and deferred members whose service was rolled back on 1 October 2023 to the final salary scheme and who entered the career average scheme for the first time on 1 April 2022, you currently have the option to make a Buy Out election. However, the closing date of 31 March 2024 to do this is fast approaching.

If you had previously elected to purchase Buy Out as part of the career average flexibility options and wish to continue this, you’ll need to reapply for it before 31 March 2024 and it will be backdated to 1 April 2022. 

If you don’t wish to continue, you can read our factsheet (PDF, 244 KB) (This link opens in a new window) to understand your choices regarding Buy Out for the remedy period. If you’ve already made your flexibilities decision as you’ve completed your rollback choices form, then please ignore this information.

You can find out more about Buy Out in the Transitional Protection section of our website. If you wish to apply for Buy Out please complete this Flexibilities form (PDF, 361 KB) (This link opens in a new window).