Deferred pensions carry essentially the same rights as a normal pension, including the right to take your pension early, and the right to a spouse’s/civil partner’s pension and children’s pensions.
Your deferred pension will be increased annually in line with legislative requirements (which may be different to the increases applied to pensions in payment), and any spouse’s/civil partner’s or children’s pensions will be increased broadly in line with increases in the cost of living.
The option to defer taking your pension beyond Normal Retirement Date (known as Flexible Retirement) does not apply to deferred members. Your pension will become payable at your Normal Retirement Date. If you don’t know your Normal Retirement Date, please contact Capita.