Your annual benefit statement provides you with the following information:
- Your deferred benefits based on your contributory service and pensionable salary at the date you left service.
- The current value of your deferred benefits, including details of Bonuses.
- Details of your benefits and options at your Normal Retirement Age (NRA).
- The percentage of your Lifetime Allowance used up by BCSSS benefits.
A breakdown of your benefits is provided so you can identify:
- Additional benefits purchased if you were made redundant and exercised the option to pay part of your redundancy pay into the Scheme.
- Additional benefits earned from contributions on overtime payments, attendance bonus payments or additional attendance payments.
- The death benefits payable to your dependants from any Family Benefit Contributions you made.
Click
here to see a sample benefit statement.