These pages are for employer use only. Member information can be found on the home page.
An employee may be able to flexibly retire, with your agreement. To receive their pension benefits, and to continue working, they must be over 55 and have a reduction in hours or grade.
There may be a strain cost to you, as the employer, if you allow an employee to flexibly retire before their normal pension age. You should therefore ask us for a quote if you have a request for flexible retirement.
An early retirement reduction will also apply to the member’s benefits if the 85 year rule protections are not met.
What do we need to process a flexible retirement?
We will need a completed PEN007A form, written confirmation of the agreement to flexible retirement and a P45 if available.
This should be sent so that income tax deductions can be assessed.