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The following table shows approximately how much your pension and lump sum will be reduced by if you are an active member of the scheme and choose to retire early. The reduction is applied to your pension before commutation (the exchange of some pension for an additional lump sum). 

Age 59 58 57 56 55 54 53 52 51 50
Pension  5% 9% 13% 17% 20% 24% 27% 29% 32% 34%
Lump sum 3% 5% 7% 10% 12% 14% 16% 18% 20% 22%

If you retire between the ages shown the benefits payable will vary.

For more information please see the Early Retirement factsheet on our website.

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