Redundancy/Efficiency retirement
If a member is aged 55 or over, they have at least two years of pension membership and they are retired on redundancy grounds their pension benefits can be paid immediately without reduction.
If you have combined your membership together your redundancy pension benefits would be based on your entire combined membership within the Berkshire Pension Fund.
If you keep your benefits separate your redundancy pension benefit will only be based on the membership within the job you are being made redundant from and not your whole service.
If you do have concurrent employment within the Berkshire Pension Fund your benefits will be concurrently merged automatically. We will contact you in writing to confirm when this has been finalised.