Leaving service options letter for a defined benefit scheme

Instructions for use – leaving service options letter for a defined benefit (DB) scheme

  • The model document under ‘Related File(s)’ below is a sample leaving service options letter for a DB scheme.  Information will need to be tailored to the particular scheme/member and you may wish to amend the layout or add additional information that you feel is useful for the member. 
  • Where figures are used, they are for illustrative purposes only.
  • The model document contains endnotes which provide further information for the person preparing the leaving service options letter. These deal with:

          – information to be given where a pension adjustment order is in place

          – an instruction that only the options that are available to the particular member should be presented

          – if there is an option for alternative benefits

          – a time limit in which the member must request a transfer

          – any additional benefits that are payable and whether any amounts have been transferred without the member’s

          – provisions under which benefits may/will be increased

          – modification of the risk statement.

While the Authority considers that this sample leaving service options letter has been prepared in accordance with the relevant legislation at 7 April 2015, anyone preparing a leaving service options letter should satisfy themselves that the information they give is compliant with the applicable legislative requirements.