Npower 60ths Section

If you joined the former Npower Group or are treated as having joined it, during the following periods, you are part of the Npower 60ths Section of the E.On UK Group of the ESPS:

  • on or after 1st September 2003
  • before 1st January 2005

Main benefits

  • Life assurance, if you die before retirement
  • A pension subject to annual increases and a tax-free cash sum when you retire
  • Dependants' benefits on your death at any age
  • A disability income if you are forced to retire early because of ill health
  • The option to provide extra pension for dependants
  • The option to pay additional contributions (AVCs) to secure improved benefits at retirement

If you wish to bring in other benefits into the 60ths Section, you'll need to fill in a transfer-in enquiry form

Retirement options

  • Normal retirement is when you retire at the normal pension age that is set. The normal pension age at which retirement benefits will be payable is 63.
  • At your normal pension age, you’ll receive a pension of 1/60 x Pensionable Salary x Pensionable Service. This means that after 15 years of Pensionable Service, your pension will amount to a quarter (15/60ths) of your Pensionable Salary.
  • Your pension is based on what is known as your pensionable pay.
  • It’s possible at retirement for you to give up part of your pension in exchange for a cash sum.
  • The amount of cash you receive in exchange for each £1 of annual pension given up will depend on your age at retirement.
  • You may also be able to give up part of your pension to increase the widow(er)’s, or another dependant’s, pension when you die.

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