Ill Health Early Retirement Benefit

Employees who are active members of the pension scheme.
Employees must join the pension scheme as soon as they are eligible.

For cover, eligible employees can be grouped into separate categories and there can be different benefit basis between categories.

• £2 million or the strain cost to the pension scheme if that is lower.
• The strain cost is the extra cost to the pension scheme as a result ofan employee who's covered retiring early due to ill health.
• You can also partially cover the strain cost as an option.

• Cover for a employee of the pension scheme ends when a payment has been made following a valid claim.
• The benefit will usually end at the normal pension scheme age under the pension scheme rules. Alternatively, it can be age 65 or the state pension age.
• If an employee is absent due to illness or injury, we’ll continue cover up to the benefit end date.
• If an employee is absent for another reason, such as a sabbatical, we’ll continue cover for up to one year or when they return if sooner.