If you started working for RM and joined the pension scheme between 1st April 1987 and 31st March 2008, you’ll be in section C. in which case, you won’t get a lump sum as standard but you will have the choice of giving up some pension to get a lump sum.
If you started working for RM and joined the pension between 1st December 1971 and 31st March 1987, you’ll be in section B. In which case, you do get a lump sum as standard but you have the choice of giving up some or all of it to get a bigger pension.
And before 1st December 1971, it’s obviously section A, which has slightly different rules again.
If you don’t know which section you’re in, your wage slip will tell you. I’m in section C and my pension deduction says: ‘PSE Adj RMPP C’.
Over the years you will have received paper copies of the plan guide, which tells you all about the scheme. If you haven’t kept any, it’s also online.
You can find section B plan guide
here and section C plan guide
here, along with various other documents to help you understand your pension.
Your annual statements will also tell you in more basic terms, what you’re entitled to.
*The introduction of the DBCBS from 1st April 2018 will provide a lump sum for section C members.
