Voluntary release(VR) and your pension
As a States of Jersey employee if voluntary release is agreed, your pension will be deferred and will usually be paid from your retirement age.
You also have the option to use some (or all) of your payment to increase your pensionable service. However, you'll have to pay £750 to get this calculated and £500 for each change after that.
You should talk to the pensions team for more information if you're considering this.
Voluntary early retirement (VER) and your pension
If you take voluntary early retirement, you're entitled to an immediate pension but you won't receive a lump sum payment until you reach optional retirement age.
You also have the option to use some (or all) of your redundancy payment to increase your pensionable service. Your department will pay for this.
You should talk to the pensions team for more information if you're considering this.
Email the pensions team
Pension rights
Your pension rights are protected in line with your scheme’s regulations, but you will no longer receive any in-service benefits.
gov.je