• If you have less than 2 years’ service your pension contributions will be returned less an adjustment for tax and NI.
  • Between 2 – 25 years’ service (but not age 55) then you get a Deferred Pension which becomes payable at age 60 (includes pensions increases).
  • 25 – 30 years’ service (but not age 55) Smaller lump sum (pension x 2.25) which is payable when you reach 50.
  • Age 55 with any length of service you are entitled to immediate payment including maximum commutation