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

Main benefits

• a pension linked to your Pensionable Service and Pensionable Salary
• Life assurance, if you die before retirement
• a pension subject to annual increases and a tax-free cash sum when you retire
• benefits for your dependants whether you die before or after retirement
• 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 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.