Will my benefits be reduced?

If your benefits are being paid immediately, then it depends on what terms you are leaving. No reductions will be applied to your benefits if:

• you are made redundant
   
  or
   
• you retire with your employer’s consent through business efficiency

If you retire voluntarily and you commenced in the scheme after 1 October 2006 your benefits will be reduced if paid before normal pension age.

If you retire voluntarily and you have scheme membership before 1 October 2006 a reduction will only apply if you do not qualify for the protections built into the removal of the rule of 85.