Scheme information

Late retirement

Late retirement after age 65 is possible.

If you remain in employment after age 65 you have two options:

  • Continue contributions and build retirement income in the normal way (the default option); or

  • Stop contributing and leave your benefits in the Scheme. They will be revalued annually, at the same rate as members who are still contributing to CARE, until you actually retire. When you retire, a retirement uplift will be applied. This uplift reflects the late payment date and the shorter period over which your retirement income is expected to be paid.

If you die after age 65 and you are in service but have stopped contributing because you have reached 65, death benefits will be paid as if you had retired on the day before your death.