Normal Retirement

Normal retirement occurs if you retire at your Normal Pension Age (NPA). If you retire at your NPA the Scheme will pay your benefits without actuarial reduction or enhancement. In the new scheme, for all the pension you build up from April 2015, instead of your NPA being fixed at 65, it will match your individual State Pension Age (SPA), with a minimum of 65.
Protection for pension earned up to the start of the new scheme means that you will, if you have retired, still be able to take any benefits relating to pre April 2015 service at 65 without actuarial reduction. Also ‘Rule of 85’ protections, which some members have, will continue to apply in the new scheme.