Pension Information - Nearing Retirement?

Created on: 30 Jan 2019 | Last modified: 28 Feb 2024

Important Information for 2024 summer retirement applications

Retirement application forms need to be submitted to SPPA at least 4 months before the retirement date. This is because of the additional calculations needed for the 2015 Remedy.

This requirement applies to all members and not just those affected by Remedy. SPPA do not have the ability to fast track late applications.

Payments will be affected if retirement applications are submitted later than 4 months before retirement.

The application form is here

If your intention is to retire in summer 2024 please complete and submit the application to your employer as soon as possible and ensure you receive an acknowledgement from SPPA within 3-4 weeks.

Considering Your Retirement Options

 

If you are considering retirement options the following information will help you have an idea of what your pension will look like:

Please see the advice from SPPA here.

Obtain your annual benefit statements from the SPPA website by clicking here.

2023 statements may not be available for all and there is relevant information here

If statement details are not correct you will need to contact SPPA (details below).

If you have been on the same pay point for the last 10 years and the service on your statement is correct, then this calculator will give you a good indication of your pension benefits.

When submitting Summer 2024 retirement applications we recommend that these are sent electronically to your HR department/SPPA as they will reach relevant staff working remotely.

Please give at least 4 months notice to SPPA in order to ensure your benefits will be paid in the month you retire.

Phased Retirement or Ill Health 

If you are looking for estimated phased retirement figures, simply take up to 75% of the amounts on the estimate from the calculation you have done above. 75% is the maximum available for phased retirement.

Should you require estimates for ill health retirement you can contact SPPA directly on 01896 893 000 or by email: sppacontactus@gov.scot quoting your GTC number or NI Number.

Financial Advice

For financial advice you can contact EIS Financial Services here