Following a review by the scheme actuary the cost of purchasing additional pension and/or ERRBO is changing and member’s will find that their monthly instalment amount has changed. This will result in an increase or decrease in monthly instalments for the purchase of additional pension and ERRBO. The change is effective from 1 April 2024.
If a member employed by you is affected by the above, they will receive a letter advising of the increase or decrease of the instalment amount. Employers will also receive a letter.
Please note the additional pensions calculator is currently unavailable to members via our website and due to this we are receiving a high volume of enquiries. We are working through these in date order and are responding as quickly as possible. If you do receive any queries, please convey our apologise for the inconvenience and advise the member that we will provide them with a quote as soon as possible.