Your statement tells you what your deferred pension is currently worth including the latest Pension Increase (Review) order. Your statement also reminds you about whether you’ve nominated beneficiaries and how your benefits compare against pension tax limits.
You’ll also notice some changes on your statement this year due to the McCloud remedy.
Your 2025 annual pension statement will be available on EAPF Online in July.
On your statement, we’ll let you know if you’re ‘in scope’ for the McCloud rectification, and. If you are in scope, we’ll also let you know whether, based on the current value of your pension benefits, you’re likely to receive an additional McCloud rectification payment. If you are, we’ll tell you the current amount of the payment due, including revaluation up to the 2025 increase. We’ll also include any adjustment to potential increase due to your survivor’s pension benefits, which would be payable on your death.
To be in scope you’ll need to have been a member of a Public Sector Pension Scheme (PSPS) on or before 1 April 2012 and during the rectification period of 1 April 2014 to 31 March 2022. If your employment changed between 1 April 2012 and 31 March 2022, you must not have a break in active membership of a PSPS of more than 5 years.
If you think you’re eligible to be ‘in scope’ for the McCloud remedy, please contact Capita using the details on our Contact us page.
Find out more on McCloud by visiting our McCloud hub.
We’ll send you an email to let you know when your deferred statement is ready to view on EAPF Online.