Deferred members
If you’ve left the Scheme and haven’t yet retired, you’re a ‘deferred’ member. Neither you nor the Company will still be contributing to the pension scheme.
Please select from the options below to find out more.
Your deferred benefits
Your deferred benefits will be payable from your normal pension age and are calculated using your pensionable service and pensionable salary at your date of leaving the Company.
If you’d like to know more about taking your pension benefits please contact the Scheme administrator, Railpen.
Update your details
Please remember to update your details by logging into your online account or contacting the pension administrator if your address or personal circumstances change, so we can continue to get in touch with you.
Expression of wish for deferred members
If you die before you claim your Scheme benefits (or within 5 years of taking them), 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.
Transferring your deferred benefits
You may transfer your deferred benefits to another UK pension arrangement or an approved overseas arrangement.
However, please be wary of any cold calls about transferring your pension – these are illegal.
You can learn more about pension fraud and the warning signs on the pension scams page.
If you'd like more information about transferring your deferred benefits, contact the pension administrator, Railpen
Protect your pension
