The Normal Retirement Age for the commencement of your full pension benefits is Age 65.

Early Retirement

You have the option of commencing to draw a reduced pension earlier, from Age 55 onwards. The reduction (calculated by the Scheme Actuary) will depend on how many years before Age 65 the pension commences and reflects the longer period that you are expected to be drawing a pension from the scheme. 

Late Retirement

You have the option of commencing to draw a higher pension later than Age 65. The enhancement (calculated by the Scheme Actuary) will depend on how many years after Age 65 the pension commences. 

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