Deferred benefits
You will receive benefits if you keep your money in the Pension Scheme.
Keeping your pension in the Pension Scheme
Your pension is worked out when you leave the Scheme, based on the amount of membership you have built up and your pay during your membership, in the same way as for retirement.
It is then held in the Scheme where it increases in value every year in line with the cost of living, until put into payment.
Find out more
You can read more about what happens to your pension if you leave it in the Scheme in the no longer paying in section of this site.