How the scheme works


The pension schemes are set up on a defined contribution basis where you and your Employer contribute a percentage of salary into your individual Members Account. The contributions are invested to provide a fund at retirement.

You also have the opportunity to make Additional Voluntary Contributions (AVCs) over and above those required by your Employer to boost your retirement fund.
Each year you will receive a Pension Benefit Statement which will show you the contributions made and the value of your Members Account.