What if I want to take my pension?

Your pension benefits are set out in the letter you received from the Pensions Administration Team after you left.

If you joined the SCPF before 1 January 2009, your pension at date of leaving will be revalued over the period from your date of leaving to date of retirement, increasing in line with increases in the Retail Prices Index (RPI) up to 7% each year.

If you joined the SCPF on or after 1 January 2009, your pension at date of leaving will be revalued over the period from your date of leaving to date of retirement, increasing in line with increases in the Retail Prices Index (RPI) up to 5% each year.

In the first year after leaving active service the increase will be pro-rated reflecting the fact that the pension being increased has been in deferment for less than a full year.

If you have paid Additional Voluntary Contributions (AVCs), you can take your AVC benefits at the same time as your main SCPF benefits or later, up to age 75.

If you take your AVC benefits at the same time as your main SCPF benefits, you will be able to take all of your AVC fund as a cash lump sum, provided it doesn’t exceed 25% of the value of your total pension benefits. Alternatively, you can use it to buy additional annual pension.

If you take your AVC fund later than your main SCPF benefits, you will only be able to take up to 25% of your AVC fund as a cash lump sum.

If you wait until Pension Age to take your pension, you will receive details of your options shortly before you reach Pension Age. It is important to make sure you tell the Pensions Administration Team when you change address, otherwise payment of your benefits may be delayed. You can do this by completing the Change of Personal Details form.