What happens now that you’re a deferred member?

At a glance:

• When the Scheme closed to active members on 31 August 2023, you were sent a statement showing you how much pension you’ve built up. This pension will normally be increased each year to help it keep pace with inflation until you retire or transfer to another pension arrangement.
• The benefits payable on your death will change, and a salary-related lump sum will no longer be payable to your spouse, civil partner or dependant(s).