...one of your options

If you have a Deferred pension under the Scheme you may be able to retire early and take your pension from age 55 (increasing to age 57 on 6 April 2028), or if a Bradford member, an ROI member or a Sal member who joined before 10th December 1993 and left after 5th April 2006, then you may be able to take your pension from age 50. However, your pension will be reduced to reflect the fact that it will be paid sooner and therefore potentially over a longer period.

Additionally, provided you give not less than 12 months’ notice in writing to the Trustee of your wish to take your pension at or after age 60, any pension earned between 1st May 1996 and 28th February 2010 will not be reduced for early payment. The preferential terms would not change the reduction which would apply to any other pension earned before 1st May 1996 or after 28th February 2010. For Bradford members, all the pension accrued prior to 28th February 2010 will not be reduced for early payment, if notice is given.

You should contact the Pensions Administration Team in good time if you are planning to retire early. They will be able to help you by telling you the expected amount of your (early) retirement pension and confirm whether there are any options, such as taking a Cash Lump Sum and a reduced pension, as well as any terms or conditions that may apply to your pension - especially depending on the rules applicable to the Scheme at the date you left and / or current rules and tax law.