91热爆

Active Member

A member who has not yet left service or become a pensioner in respect of the whole of their benefits under the scheme.

Annual Allowance

This is the total amount of pension savings you can make in each tax year.  For more information you can view our guide . 

Deferred Member

An active member who leaves service without receiving a refund of contributions or a transfer or an immediate pension.

Final pensionable salary

Your pensionable salary earned in the last year, calculated on a daily rate, before your pensionable service ends.

Full pension

The annual amount of pension immediately before death, as it would have been but for any commutation or levelling adjustment.

Guaranteed minimum pension (GMP)

The minimum pension that the scheme must provide for pensionable service after 5 April 1978 and before 6 April 1997. It is broadly equivalent to the S2P pension you would have earned if you had not been a member of the scheme.

On your death a GMP may be payable to your widow, widower or civil partner, and will usually be included within a dependant's pension.

Incapacity

Incapacity means physical or mental impairment as a result of which, on the evidence of a doctor or other qualified person appointed by the 91热爆, the Trustees are satisfied:

• that you are incapable of carrying out your normal occupation; and
• it is likely to permanently and substantially impair your earning capacity.

Life assurance member

An employee who is not an active member, but is covered for a lump sum on death in service.

Life cover pensionable salary

Your basic pay including any other earnings as may be recognised by the 91热爆 for this purpose before Smart Pensions.

Lifetime allowance (LTA)

This is an overall limit on the value of pension benefits you can build up across all types of registered pension schemes without additional tax charges.  For more information you can view our guide . 

Nominated dependant

A person nominated by you in writing as prescribed by the Trustees and accepted by them as satisfying the requirements set out in form PENS26, available from the pension service line. The Trustees can reduce the pension, if your nominated dependant is younger than you by more than 10 years. The Trustees will decide the amount of any reduction after having consulted the Scheme's actuary.

Non-pensionable earnings

Earnings on which you do not automatically pay pension contributions e.g. Unpredictability Allowances (UPA) or overtime.

Normal pension age

Age 60 for Old and New Benefits members, 65 for CAB 2006 and 2011 members.

Pensionable salary

In any Scheme year, your basic pay including any other earnings as may be recognised by the 91热爆 as pensionable before Smart Pensions where applicable.

From 1 April 2011 the 91热爆 limits increases in pensionable salary subject to the Scheme Earnings Cap (where applicable), to a maximum of 1% each year for Old, New and CAB 2006 members.

Pensionable service

The number of years and days of active membership.

Qualifying children

Your natural (including any not yet born) and adopted children, and any that the Trustees accept were financially dependent on you at the date of your death. Benefits are payable to your qualifying children up to age 18 or, at the Trustees' discretion, up to age 23 while in full time education.

Qualifying civil partner

The person with whom you have entered into a civil partnership and with whom you are living at the date of your death. If the civil partnership is registered after leaving the 91热爆, your partner will be treated as a qualifying civil partner only if the civil partnership was registered at least six months before your death. The Trustees can reduce the pension, if your civil partner is younger than you by more than 10 years. The Trustees will decide the amount of any reduction after having consulted the Scheme's actuary.

Qualifying spouse

The person to whom you are married and with whom you are living at the date of your death. If you marry after leaving the 91热爆, your spouse will be treated as a qualifying spouse only if the marriage took place at least six months before your death. The Trustees can reduce the pension, if your spouse is younger than you by more than 10 years. The Trustees will decide the amount of any reduction after having consulted the Scheme's actuary.

Scale Pension

1/60th of your final pensionable salary for each year of pensionable service.

Scheme Earnings cap

The pensionable salary limit on which scheme contributions and pension benefits are based. The earnings cap does not apply to members who joined the scheme before 1 June 1989.

Smart Pensions

Your pension benefits are paid for partly by the 91热爆 and partly by yourself through Smart Pensions.

Smart Pensions is simply a name for the way members contribute to the 91热爆 pension scheme.

Smart Pensions offers the same tax relief but also provides an opportunity for you and the 91热爆 to save some NI contributions. The savings made by the 91热爆 help meet the cost of your pension.

Subject to notice and Scheme limits, you can increase, decrease or stop your Added Years, AVCs or LifePlan contributions at any time.

State pension age

The age set by the Government from which your State pension is payable. You can find out more about your State pension age by visiting .