Active members
If you’re a member of the scheme and a current employee, you’re what’s known as an ‘active’ member. It’s important to understand your benefits and options to get the most from your membership.
Select from the options below to find out more.
Paying into the DB Scheme
You and the Company both pay into your Scheme pension and your contributions are tax free (up to certain limits known as the Annual and Lifetime Allowances).
Your benefits
You can check your latest Benefit Statement to see the amount of your pension benefits by logging into your account.
Top up your retirement savings
While you’re an active member of the Scheme, you can pay additional voluntary contributions (AVCs) to boost your pension benefits.
Expression of wish details
If you die while you’re an active member, a lump sum may be paid to your beneficiaries.
Find out more on the Expression of Wish page.
Taking your DB benefits
If you are ready to retire, there are various options available to you for taking your benefits from the Electricity North West Group of the ESPS (the Scheme).
These options will be explained, in detail, in the retirement pack sent to you by the Scheme administrator, Railpen, when you ask to start the retirement process.
It’s important you take the time to understand all of the options available to you, and to consider your personal circumstances and retirement goals.
The Trustee have selected Origen Financial Services (Origen) to provide you with advice on your retirement options at preferential rates. You can learn more about Origen and how to contact them in your retirement pack.
You don’t have to use Origen and you can use your own financial adviser if you prefer, however if you choose to do so you will not benefit from the preferential rates negotiated with Origen by the Trustees.
Visit the taking your benefits page for more information.
Protect your pension
