Welcome to your Magnox pension website!
The sooner you start planning for your future and understanding your pension benefits, the better!
Log into your online account today — if you keep an eye on your pension savings and manage them effectively, you know that your expectations are on track. And you can look forward to retirement.
The tools and information on this website will also help you learn more about your membership, benefits and options to support you as you approach retirement – and beyond!
This website is for members of the Magnox Group ESPS only. If you did not work in the Nuclear Industry you are unlikely to be a member of the Magnox scheme
Information about other Groups of the Electricity Supply Pension Scheme can be obtained from Railpen by emailing enquiries@railpen.com
2025 Pension Increase
25 Mar 2025
Final Salary pensions will increase by 2.7% from 1 April 2025, in line with the Retail Prices Index for September 2024.
Proportionate increases will be applied to any Final Salary pensions that came into payment on or after 2 April 2024.
Different increases will be applied to parts of your Final Salary pension if you are above the Guaranteed Minimum Pension (GMP) age.
Railpen will issue pension increase letters in April confirming your annual increase, which will take effect from 1 April 2025.
If you’re a member of the reformed SLC category, please bear in mind that this increase only applies to the Final Salary element of your benefits.
Your CARE pension will increase by 1.7% from 1 April 2025, in line with the Consumer Price Index for September 2024.
The same increase applies regardless of when you retired.
You will also receive confirmation of your CARE increase in your letter from Railpen.
