For retired members

Welcome to the retired member page of the Pearson Group Pension Plan website. This page provides you with useful information about your pension.

What are my benefits?

This depends on which section of the Plan you belong to. For more detailed information relating to your specific section of the Plan, See Further information. If you don't know which section applies to you, this page will allow you to enter your National Insurance number or send a message to the Pensions Department to find out.

How is my pension paid?

If you are a member of one of the final pay sections of the Plan, your pension is paid monthly in advance for the remainder of your life.

If you are a member of one of the money purchase sections of the Plan, at retirement you will have chosen the basis on which your annuity is paid.

Income tax is deducted from your pension in the same way that it is deducted from your salary under the Pay As You Earn (PAYE) system.

How does my pension increase?

If you are a member of one of the final pay sections of the Plan, for full details of how your pension increases are calculated, see Further information.

If you are a member of one of the money purchase sections of the Plan, at retirement you will have chosen the basis on which your annuity increases in payment.

What happens when I die?

If you are a member of one of the final pay sections of the Plan, when you die, pensions may be payable to your spouse or civil partner and dependent children. For full details of your death benefits, see Further information.

If you die within five years of retiring, a cash sum may be paid equal to the outstanding instalments of the five year period. So that the Trustee knows who you would like to receive this benefit, you should remember to keep your Expression of Wish Form up to date and consider whether you need to complete a new form if your personal circumstances change. You can download an Expression of Wish Form or request one from the Pensions Department.

If you are a member of one of the money purchase sections of the Plan, at retirement you will have chosen the benefits to be paid on your death to your spouse, civil partner, nominated dependant or dependent children.

What should I do if I change my address?

If you were a member of one of the final pay sections of the Plan and you change your address, it is very important that you notify the Pensions Department so that we can keep in contact with you. If you were a member of one of the money purchase sections of the Plan, please contact your annuity provider.

What should I do if I have a question about my pension payments?

If you were a member of one of the final pay sections of the Plan and have a question about your pension payments, please contact the Payroll Department. If you were a member of one of the money purchase sections of the Plan, please contact your annuity provider.

What should I do if I change my bank details?

If you were a member of one of the final pay sections of the Plan and you change your bank details, it is important that you notify the Payroll Department so that they can continue to pay your pension. To ensure payment of your pension is not delayed, please provide instructions that are in writing, signed and include your pensioner payroll number. Alternatively, you can download the Bank Details Form, which contains details of all the required information.

If you were a member of one of the money purchase sections of the Plan, please contact your annuity provider.

For more detailed information relating to your specific section of the Plan, please see Further information