partnership
What happens when I leave the Civil Service
What happens if I die before I retire?
If you die before you draw your pension, your pension provider will pay the value of your pension pot to the person you have named on the pension application form. This value will be the contributions that you and your employer have made, plus your investment returns over the years.
If you die before you leave the Civil Service, we will pay a lump sum of three times your pensionable earnings to the person you named on your pension choices form.
What happens if I become too ill to work?
If you have to leave the Civil Service before you are 60, and our medical adviser agrees that you cannot do your job because your health has broken down permanently, we may pay you a lump sum when you leave. We will work this out as 20% of your pensionable pay for every year of service, up to a limit of three years’ pay. For more information, see the ‘partnership pension account’ booklet.
What happens if I leave my job?
If you resign, your employer’s contributions will stop. Your pension fund is yours, no matter what your job. You will be able to carry on paying into your pension account if you wish or you can leave it to earn investment returns. Alternatively, you may want to transfer your fund to another pension provider or to your new employer’s pension scheme.
What happens if I am made redundant?
Your employer will pay you compensation for loss of employment. Your employer’s contributions into your pension account will stop when you leave work, but your fund will continue to earn investment returns. You may be able to carry on paying in if you want to. You can draw your pension whenever you like after you reach 50, but your pension is likely to be higher if you draw it later. Ask your pension scheme administrator for more details of our redundancy payments, but talk to your pension provider if you want to draw your pension early.
