Ready for Retirement
We are updating our systems so that we can offer all members who are eligible with a remedy choice when they retire. We are hoping to start offering this on a pilot basis to some retirees soon and working towards making this available to all by the end of September 2025. Until then, most members who are retiring are being automatically moved into the legacy scheme until we can provide a remedy choice.
When we will contact you
We are developing new processes so that all Remedy eligible members will be provided with a remedy choice on retirement.
In the meantime, this is what you can expect:
If you are provided with a remedy choice when you retire in the form of a Remediable Service Statement, you do not need to make any further choice decisions.
If you are not offered a remedy choice on retirement, you will be provided with legacy scheme benefits which are likely to be the most advantageous. You will still be offered a remedy choice as soon as we are in a position to do so.
We expect to have the new retirement process fully operational by the end of September 2025.
What is a Remediable Service Statement (RSS)?
To help you decide, we’ll send you a choice letter, known as a Remediable Service Statement (RSS). This will show your pension benefits side-by-side in your final salary and CARE scheme for the remedy period, and details of any contribution and tax adjustments. This will help you decide which option is the right one for you.