What happens when I retire?
Retirement process and timeline
For us to be able to calculate your pension and send you a pension option form we need a notice of termination from your employer. The notice of termination confirms your retirement and pay details.
As your pension is based on your actual pay, we must wait to receive the information from your employer which will be after their payroll has been run for the month you are last paid.
This means the notice of termination details may not be available until after your last payroll run has been finalised, which is likely to be after your date of leaving.
Your employer should provide us with the notice of termination information within five working days of the payroll closedown.
In the meantime, if you wish to chase your benefits, please contact your former employer or payroll provider to ensure they have sent us the required information before you call Warwickshire Pension Fund to chase payment.
What we need?
Once we have received the information above, we will provide you with a final estimate of benefits, together with the forms you need to complete to confirm how you want the pension to be paid. You will also need to send in copies of your birth certificate and any other certificates to confirm your marital status:
- marriage certificate
- civil partnership certificate
- decree absolute
We will accept photocopies, as long as all dates are clear and easily read.
Payment
Once we have your choices, we can confirm the amounts that are due and we will pay any lump sum retirement grant as soon as possible.
The pension will be paid monthly on the last day of the month and the first pension payment we make will include any arrears of pension.
