Enter the date of retirement and select Submit

Please use either the following format dd/mm/yyyy if entering direct, or use the date picker.

If the leaving date is 31/03/YYYY please input 30/03/YYYY - the reason being if you enter 31/03/YYYY the benefits will include pensions increase for the year and over-inflate the figures. For all other leaving dates, please enter the required date.

• Enter the member’s CARE and Final Salary figures.
• The Final Pensionable Salary is the full-time equivalent estimated pay for the 365 days prior to the last day of service.
• The Projected Pensionable Pay is the estimated annual CARE pay. This is the actual pay and should not be scaled up if the member is part-time.
• If the member does not have any final salary pension, you may not be asked for this figure.
• The Projected Pensionable Pay: Annual Pensionable Pay (APP) figure refers to the projected CARE pay for the period 01 April to 31 March.
• You also need to calculate an Assumed Pensionable Pay (APP) figure for enhancements.
  This is especially relevant for ill health retirements.
  
  

  • Your payroll team may be able to provide this figure.

  • Alternatively, you can follow this link to the Employer Bite Size Training to learn how to calculate APP.

• Enhancement: 100% from date of retirement until Normal Pension Age (NPA)

• Eligibility: Member is unable to undertake any form of work

• Benefit Duration: Payable for life

• Enhancement: 25% from date of retirement until Normal Pension Age (NPA)

• Eligibility: Member is capable of gainful employment between 3 years and NPA

• Benefit Duration: Payable for life

• Enhancement: None

• Eligibility: Member is capable of gainful employment within 3 years

• Benefit Duration: Payable for a maximum of 3 years, with a review after 18 months

Please note: If you select yes to, do you want to run another quote, the document will not be saved to the member file.