early retirement reduction factors CS pension scheme - different for active/deferred members?

pensionpickle

I have a mix of Alpha and Nuvos pension - thinking of leaving the CS next year after 17 years.  Checking my account and MyCSP doesn't have the retirement modeller on it any more?  From memory it would be more advantageous for me to take Nuvos/Option A but I am still working things through. 

Are there any differences in the early retirement reduction factors in Nuvos/Alpha when starting to claim from active service, as opposed to leaving work then claiming does anyone know?  I'd be looking to claim from 57/58. I have another DB pension already in payment for immediate spending too. Thanks! 

hugheskevi

The same factors are used regardless of active or deferred. The factors themselves may change between leaving work and commencing pension.

Unless you leave on ill-health or death, nuvos will be better than alpha for you.

pensionpickle

hugheskevi said:

The same factors are used regardless of active or deferred. The factors themselves may change between leaving work and commencing pension.

Unless you leave on ill-health or death, nuvos will be better than alpha for you.

thanks v much for your quick answer - I was just now looking at some of your advice re factors on another thread, apologies as you have already answered the above as my advance search skills are not great!  One other thing, I am currently off sick due to a major op which may impact how I can perform in my role, I am not sure if ill health retirement is a possibility though as my line manager has not mentioned and my sick note runs out soon. Would alpha be better in this scenario?  (After 6 months my pay reduces to 50%, as both schemes are career average not final salary I assume there is no difference?)

hugheskevi

If you exit under ill-health, alpha will be better than nuvos. 

However, if the exit was under lower-tier ill-health the difference would be very small (maybe tens of pounds a year). Whereas if it is was upper-tier ill-health the difference would be more significant.