Paying into a final salary section

Leaving the Fund

old man in glasses

It’s a straightforward process if you’re thinking about leaving the Fund – whether you’re opting out or retiring.

Opting out

You might feel that paying into a pension scheme isn’t right for you at the moment.  You can opt out of the Fund at any time by contacting pensions administrator RPMI. Email csu@rpmi.co.uk or ring the Helpline on 0800 2343434 to request an opt-out pack.

You need to quote your pension reference number when you contact RPMI. You will find this ​​​in your Membership details when you log in to myFund.

Once you leave the Fund, and if you are not eligible for benefits or a refund, you will become a ‘preserved’ member.

Your benefits are ​calculated at your date of leaving, and will increase annually in line with inflation (currently CPI) until you retire.

Thinking about retiring

Giving up work for good can be both an exciting and daunting prospect, and you’ve probably got lots of questions.

For a short step-by-step guide, go to our Planning for Retirement section. You can also log into myFund to check your benefits to date and review your options.

It's a very good idea to get advice before taking your retirement benefits. See unbiased.co.uk for a list of independent financial advisers in your area. 

​You can also visit the Money and Pensions Service to access to the information you need to make informed financial decisions.

 

Pension payments

Want to claim your pension?

Find out how to apply for your Fund benefits. START HERE »