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.
Retiring from a public service pension scheme
If you're considering retiring you should contact the Pensions Team.
If you choose to retire you'll receive payment of your pension.
You don't need to have reached your normal pension or retiring age to take your pension. Your normal pension age is the age you can retire and take the pension you have built up in full.
For members of the JTSF or the Final Salary Scheme of the PEPF you'll find your normal retiring ages in your scheme booklets.
For members of the Career Average Scheme of the PEPF your normal pension age is linked to your Social Security pension age. Use the online form below to check your pension age.
Check your pension age
Leaving a public service pension scheme
If you are not eligible for payment of a pension your benefits will be automatically deferred on leaving, meaning that you do not need to do anything. The Fund aims to increase deferred benefits in line with inflation each year until they become payable at your normal retirement age.
There are other 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. These are:
- a refund of your contributions if you have been a member of the scheme for less than 5 years
- payment of your benefit as a one off lump sum if the capital value of those benefits is less than £10,000 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
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 transferring out your pension benefits.
Public Employees Pension Fund
Career Average Scheme guidance notes on transferring out
Final Salary Scheme guidance note on transferring out
Jersey Teachers Superannuation Fund
JTSF guidance notes on transferring out
Ill health retirement
For any enquiries regarding the ill health retirement process you need to talk to your employer or the Case Management team in People and Consulting Services. They will be able to inform you of the process required for progressing an ill health retirement.
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