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.

Please use the drop down menu to select either Ordinary or Redundancy


Ordinary retirements cover:

• Early retirement – with the option to switch on the 85 year rule protection.
• Flexible retirement.
• Compassionate grounds – reduction waived.

Until we have loaded contributions up to March and run our year end program you will need to use Y in the projection indicator. You can check to see if we have run the year end program by selecting View CARE Pension under the members record.

This field will automatically populate with the latest Pre 2014 Final Pensionable Pay figure we hold on our records. This figure is calculated from total monthly remittances during the period 1 April until 31 March.

This field will be populated with a 0 if the member has no pre 2014 membership.

Please note this field can be overwritten but must be in the format of for example 36000 (no decimals, pence or pound sign)



Pre 2014 Final Salary Pay is used to calculate any pre April 2014 pension benefits. If you choose to overwrite the pay figure, and the member is part-time, you will need to enter the annual full-time pay that the member would receive if they were working full-time. In all cases if the pay has been reduced because of sickness, final pay is the pay that would have been received had the member not been on sick leave.

Please note do not uprate the pay for term time weeks.

Example – Part-time pay calculation

Annual pensionable pay / part time hours x full time equivalent hours of post

£10,000 / 18.50 x 37 = £20,000 (full-time final salary pay used in calculation of benefits)

Final Salary pay is the pay on which members will pay pension contributions. Typically, pensionable pay includes:

• Normal salary or wages.
• Bonuses (PT members note: bonus pay is not uprated to FT Equivalent when working out Final Pay).
• Overtime (contractual only) (PT members note: contractual overtime pay is not uprated to FT Equivalent when working out Final Pay).
• Maternity, paternity, adoption and shared parental pay.
• Shift allowance

This field will automatically populate with the latest Main Section Pensionable Pay figure we hold on our records. This figure is calculated from the total monthly remittances during the period

1 April until 31 March.

Important – If you are calculating a retirement quotation using a date of retirement before 31 March 2022, and we have run our year end program (so projection indicator is NO) then you will need to overwrite the figure. For example, a member retiring on 31/12/2021 – you will only need to enter the main section pensionable pay for the period 01/04/2021 – 31/12/2021. This is because the figure which will have already been populated may represent a full years pay.

This field will be populated with a 0 if the member is in the 50/50 section of the scheme.

Please note if this field is overwritten it must be in the format of for example 9000(no decimals, pence or pound sign).



Main Section Pensionable Pay

For both full-time and part- time members this figure is the actual annual pensionable pay or assumed pensionable pay. If the member has been absent from work through sickness and as a result have received half or no pay, enter the assumed pensionable pay – the pay the member would have received on full pay.

The pay you enter in this section will be the figure used to calculate benefits up to the chosen retirement date. We will not assume any pay inflation or cost of living adjustments up to the chosen retirement age. You will need to include elements such as non-contractual overtime and additional hours for part time staff.

Main Section Pensionable Pay (also referred to as CARE pay) is the pay on which scheme members normally pay pension contributions. Typically, pensionable pay includes:

• your normal salary or wages
• bonuses
• overtime (both contractual and non-contractual)
• maternity, paternity, adoption and shared parental pay
• shift allowance
• additional hours for part time staff

Only applicable for 50/50

This field will automatically be populated with the latest 50/50 Section Pensionable Pay figure on our records. This figure will be the total of the monthly remittances during the period 1 April until 31 March.

Important – If you are calculating a retirement quotation using a date of retirement before 31st March 2022, then you will need to overwrite the figure which has already been populated with the 50/50 section pensionable pay for the period 1 April 2021 until date of retirement.

For example, a member retiring on 31/12/2021 – you will only need to enter the 50/50 section pensionable pay for the period 01/04/2021 – 31/12/2021. This is because the figure which will have already been populated may represent a full years 50/50 pay.

This field will be populated with a 0 if the member is not in the 50/50 section of the scheme.

Please note if this field is overwritten it must be in the format of 17500 (no decimals, pence or pound sign).

If the projection indicator = Yes (see Step 3) please format the date already populated to the following 31/03/2022.

If the projection indicator = No (see Step 3) please delete the date already populated and leave blank

If the projection indicator = No (see step 3) please amend the pay already populated to 0.

If the projection indicator = Yes (see step 3) this field will automatically populate with the

latest Main Section Pensionable Pay figure we hold on our records. This figure is calculated from the total monthly remittances during the period 1 April until 31 March. However if the member is in the 50/50 section this pay figure will need to be overwritten with the 50/50 pay.

Please note if this field is being overwritten it must be in the format of for example 35000 (no decimals, pence or pound sign). This figure will need to be the actual annual pensionable pay or assumed pensionable pay. If the Scheme Member has been absent from work through sickness and as a result have received half or no pay, enter the assumed pensionable pay – the pay the member would have received on full pay.

Only complete, if you have chosen ordinary retirement type at step 2

It is possible for a Scheme Member to retire early and receive their pension at any age on or after their 55th birthday but the pension will (subject to the 85 year rule) be reduced on an actuarial basis depending on how long before NPA ( Normal Pension Age) a person is retiring.

However, it is also possible for the employer to waive, in whole or in part, any actuarial reduction (at a cost to the employer). Where an employer agrees to the payment of benefits on or after age 55 and before age 60 (for example on compassionate grounds) the employer will be able to `switch on` the Rule of 85 Protection. If the employer does not switch the 85 year rule on, the scheme member would suffer an actuarial reduction.

Only complete, if you have chosen ordinary retirement type at step 2



Is this a flexible retirement quote: Please use the dropdown indicator to select Yes or No If you are producing a flexible retirement quote please select – YES. You now need to go back to step 9 - Rule of 85 Protection - and select - YES (failing to select YES at step 9 will not produce any associate costs with flexible retirement).

Only complete, if you have chosen ordinary retirement type at step 2

If the employer is consenting to early retirement for example on compassionate grounds for a member who is retiring before their Normal Pension Age then the employer has the option to waive the actuarial reductions which the member would have otherwise incurred. This will result in a cost to the employer for waiving the actuarial reductions.