Retiring from or leaving a public service pension scheme

Choosing your leaver or retirement options

If you have left employment or you are retiring from the Final Salary Scheme or Career Average Scheme of the Public Employees Pension Fund or from the Jersey Teachers Superannuation Fund, there are many options available to you. The information on this page has been developed to help guide you into making a decision on what to do with your benefits under the respective schemes.

The form below allows you to inform the Pensions Team of what you would like to do with your pension benefits on leaving or retiring from the scheme.

Choose your leaver or retirement options

On submitting the form it will be emailed to the Pensions Team who will process your form and respond accordingly.

If you would like to discuss you leaver or retirement options with the Pensions Team you can email them at pept@gov.je or call them on +44 (0) 1534 440227.

Leaving a public service pension scheme

There are various options available to you as a member of a public service pension scheme. If you leave employment before you are eligible to take payment of your pension you can:

have a refund of your contributions if you have been a member of the scheme for less than 5 years
be paid your benefit as a one off lump sum if the capital value of those benefits is less than £15,000 and you are under the age of 60. The lump sum will be taxed at 20% on payment
transfer your benefits to another approved pension arrangement
defer payment of your benefits in the scheme until you reach an eligible age for them to be paid as a pension

Latest information relating to transfer quotations

Under normal circumstances, if you are a deferred member (because you have left employment) and you request a transfer value quotation, the practice of the administrator is to guarantee that quotation for a period of 3 months. Whilst the administrator's intention is for this practice to continue, there may be exceptional circumstances arising which means that the practice is altered.

Are you considering transferring out your benefits

We have a new Transfer Out process which requires all members requesting a quotation to complete the Leaver or Retirement form above.

If you are still employed and contributing into your pension you can only receive 1 quotation in a 12 month period.

If you are considering transferring out of the scheme it is strongly recommended that you seek independent financial advice and that you or your financial advisor obtain some form of transfer value analysis report.

Below you will find document that offer additional guidance on certain benefit available to you on leaving the scheme.

Public Employees Pension Fund

PEPF leaving employment before retirement

Career Average Scheme leaving employment before retirement

Career Average Scheme small pension lump sum guidance

Career Average Scheme guidance notes on transferring out

Career Average Scheme leave of absence guidance

Final Salary Scheme small pension lump sum guidance

Final Salary Scheme guidance note on transferring out

Jersey Teachers Superannuation Fund

JTSF small pension lump sum guidance

JTSF guidance notes on transferring out

Retiring from a public service pension scheme

If you choose to retire you will receive payment of your pension. You do not need to have reached your normal pension or retiring age in order to take your pension. Your normal pension age is the age you can retire and take the pension you have built up in full.

Calculate your pension age

Public Employees Pension Fund

If you are retiring from the Final Salary Scheme or Career Average Scheme of the Public Employees Pension Fund there are further guidance notes that you should read.

Considering retirement

If you are considering retiring early or late from the Career Average Scheme you can find out how it affects your pension.

Career Average Scheme early and late retirement adjustments