MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.

25th September 2017
:: Scheme Member | Redundancy | Redundancy - Maximising your pensionable service

Redundancy - Maximising your pensionable service
 
How would you like to give to your pension scheme 11 months worth of contributions for nothing? The scheme gets your money and you get nothing in return. Seems fair? Of course not – but it can happen in certain circumstances.
 
It all depends on how your scheme counts pensionable service: does every day count, or just completed years? Failing to investigate this means you could lose all of the contributions you paid in for that last period that you failed to complete.
 
We help you to understand pensionable service, and what the implications might be when redundancy looms.
 
To find out more, choose one of our free Factsheets on the right to match your category of membership.
 
 
Not sure which category of member you are? See our definitions:
 
 
 
 
 
See our Glossary for definitions of phrases in our Factsheets
       
 
 
 
 
 
  Defined Benefit scheme members
 
Redundancy - Maximising your pensionable service - for Active Members of Defined Benefit Schemes
Redundancy - Maximising your pensionable service - for Preserved Members of Defined Benefit Schemes
Not applicable to Pensioner members
Not applicable to Pensioner members 
       
 
  Money Purchase scheme members
 
This Factsheet is not yet available for Money Purchase members.
This Factsheet is not yet available for Money Purchase members.
 
     

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