Your TRS will include:
Pay figure
The pay figure used on your TRS is:
- the last annual pay figure reported to us by your employer if you're an active member of the 1995 Section
- the best of the last 3 years pensionable pay if you're a deferred member of the 1995 Section
- your reckonable pay which is the average of the best 3 consecutive years pensionable pay in the last 10 years membership if you're an active or deferred member of the 2008 Section
If you’re a practitioner, your TRS shows ‘Practitioner Remuneration’. This is the total pensionable pay figure earned during that year.
This is shown under your standard benefits and on your dynamising sheet.
Added years
The amount of added years you’ve purchased will be included on your TRS.
If you were a member of the 1995 Section, your pension and lump sum will only show up to the last date you paid into that scheme.
If you’re over the Normal Pension Age (NPA) of 55, any reduction in benefits will show in the current value.
If you're under the NPA of 55, reductions in added years will show in your projected benefits.
Transfers
All transfers will be shown on a TRS.
Benefits transferred from an Inner Club Career Average Revalued Earnings (CARE) Scheme will be shown separately on your TRS.
All other transfers will not show as a separate figure on your TRS. They'll have been included in the reckonable membership for any 1995 and 2008 Section benefits or in the pensionable earnings statement for the 2015 Scheme.
Hypothetical annuity cost
The hypothetical annuity cost shows what the cost of your pension benefits might be on the open market. This is effective from the date of the statement.
This amount is for information only and cannot be used for any other purposes.
Annual leave
Your annual leave shows on your TRS. If it’s not showing, contact your employer.