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Can I delay drawing my deferred benefits?

If you left the Scheme before 6 April 2006, you are unable to defer drawing your deferred benefits. We will pay your pension when you reach your Normal Pension Age (NPA).

If you left the Scheme after 5 April 2006, you have the option to delay payment of your deferred benefits after your NPA. If you draw your pension after your NPA, it will be increased by 0.014% (0.010% from 1 August 2017) for each day your pension is delayed beyond your NPA to reflect the fact that it will be paid for a shorter time. Your pension has to be paid by your 75th birthday.