News updates
Pensions are constantly evolving and there may be changes that affect your membership, so it’s important to keep up to date with what’s happening.
2022 pension increase
Apr 18, 2022, 23:00
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From 1 April 2022 your Scheme pension will increase by up to 4.9%. A proportionate increase will apply if you have been in receipt of pension for less than 12 months.
From 1 April 2022 your Scheme pension will increase by up to 4.9%. A proportionate increase will apply if you have been in receipt of pension for less than 12 months. A letter confirming the increase has been sent to all eligible members.
Changes to your bank details
If you change the bank or building society account your pension is paid into, you must tell Railpen, the Scheme administrator, about your new account details at least 10 days before your pension is due. If you can’t give this much notice, you should keep your old bank account open to avoid any payment delays.
Changes to your bank details
If you change the bank or building society account your pension is paid into, you must tell Railpen, the Scheme administrator, about your new account details at least 10 days before your pension is due. If you can’t give this much notice, you should keep your old bank account open to avoid any payment delays.
Did you know..?
You can find out more about the latest developments affecting your Scheme pension in your member newsletter.
