West Midland pension fund

littleD

How much would I lose if I retire one year earlier than my retirement date from West Mids pension fund?

thanks

Dazed_and_C0nfused

littleD said:

How much would I lose if I retire one year earlier than my retirement date from West Mids pension fund?

thanks

Do you mean how much extra pension will you not be accruing in that one year?

Or will you also be taking your accrued pension one year early as well?

littleD

Hi thanks for getting back - yes taking my accrued pension one year early hopefully, just wondered how much I would lose by not staying the course

Dazed_and_C0nfused

It''s no doubt slightly more complicated than this if you have rule of 85 protection but you typically lose in two ways and gain in one.

1.  You won't accrue any additional pension for that final year.

2.  The pension you have accrued will be reduced, ~5% for a full year.

3.  You will receive the reduced pension for an extra year.

littleD

Thank you - that gives me something to think about