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Contents
1. INTRODUCTION ..............................................................................................................5 2. MAIN FEATURES OF THE SCHEME ............................................................................7 What will you get? .................................................................................................................7 Your future pension ...............................................................................................................7 Your Dependants ...................................................................................................................7 What do you pay? ..................................................................................................................8 3. STATE PENSION BENEFITS ..........................................................................................9 4. JOINING THE SCHEME ............................................................................................ 1210 Who can join the scheme? ............................................................................................... 1210 When can I join? .............................................................................................................. 1210 How do I join? ................................................................................................................. 1210 Do I have to join?............................................................................................................. 1311 Other pension schemes .................................................................................................... 1311 5. WHAT WILL IT COST? ............................................................................................. 1412 Member contributions ...................................................................................................... 1412 Additional Voluntary Contributions (AVCs)................................................................... 1412 GFTU contributions ......................................................................................................... 1513 6. RETIREMENT............................................................................................................. 1614 When do I retire? ............................................................................................................. 1614 Can I retire earlier? .......................................................................................................... 1614 What if I retire early because I am suffering from ill-health? ......................................... 1816 Can I retire later? ............................................................................................................. 1917 7. HOW IS MY PENSION CALCULATED? ................................................................. 2119 For members who joined the Scheme before 1 July 2011 ............................................... 2119 For members who joined on or after 1 July 2011 ............................................................ 2220 CAN I RECEIVE A LUMP SUM AS WELL AS (OR INSTEAD OF) A PENSION? ...... 2321Commutation....................................................................
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Taking all of your pension as a cash lump sum .............................................................. 2422 8. BENEFITS ON DEATH .............................................................................................. 2523 What happens if I die and I was still working for the GFTU?......................................... 2523