You can opt out of the Fund if you give us at least one month's notice. You will need to complete an opting out form.

Think carefully

Please consider the benefits you will be giving up very carefully before deciding to opt out, especially if you have dependants. You may want to take independent financial advice before making a decision.

If you do decide to opt out you will need to consider alternative arrangements for your retirement. You will automatically be included in the State Second Pension (S2P), but you can also set up an individual arrangement such as a personal or stakeholder pension with an insurance company.

Your employer will not make contributions towards these pensions.

Entitlements

If you decide to opt out you will be entitled to the same benefits from the Fund as if you had left employment on the date of opting out. You will receive your pension benefits once you retire.

Rejoining

You may want to rejoin the Fund at a later date but will only be able to do so if:

• Your employer and the Trustees agree
• You are in good health (we may require evidence)