This category is for retired Retirement Balance Plan members.

Benefits

• An annual pension until you die
• Benefits for your dependants when you die. These could include a lump sum and a dependant’s pension if you elected for this option at retirement.

Pension increases

Each April, you receive an increase to your benefits in line with inflation. This is based on the Retail Prices Index (RPI) figure for the previous September. The increase will be capped at 2.5%.