Retirement Balance Plan

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%.

Keep us posted!

If you move house, switch banks, or your personal circumstances change, you must tell Railpen as soon as possible. This is so we can keep your record updated, and there are no delays in your pension payments. Contact us by email at ⁠enquiries@railpen.com or call our pensions helpline on 02476 472 541.