When you leave the Fund, you’ll stop earning any future benefits (i.e. the link to your salary will cease). You’ll be known as a ‘deferred member’ if you leave the Fund, and you’ll be entitled to receive your pension at your Normal Retirement Date.
Your pension will be calculated using the number of years of years of pensionable service you have to 31 December 2016 and the greater of either:
- Your pensionable salary at the date you left the Fund OR;
- Your pensionable salary at 31 December 2016 plus revaluation to the date you left the Fund.