What happens when I retire?

If you are a member of the ScottishPower Benefits Section, your normal pension age is 63 (60 if you joined the Scheme before 1 April 1988).

If you are a member of the ESPS Benefits Section, your normal pension age is 63 (60 if you are a male and were in continuous service on 31 March 1988 and remained so on 17 May 1990, and 60 if you are a female and were in continuous service on 31 March 1988).

If you are a member of the FSLP Benefits Section your normal pension age is 65.

A few months before your normal pension age, the pension scheme administrator will write to you to let you know what your options are. You don’t have to retire at your normal pension age if you don’t want to. You can choose to take your benefits at any point after age 55, though they will be reduced for early payment if you retire before your normal pension age.

You can find out more about how your benefits are calculated and your retirement options in the Member Guide.
 
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