Your Entitlement 

More than 2 years of qualifying service

If you have more than 2 years of qualifying service, or have transferred benefits into the CNPP from another pension scheme, upon leaving you will be entitled to a preserved pension and lump sum.

Your preserved pension and lump sum will increase every year in line with retail price inflation and then be paid when you reach pension age. You can draw your preserved pension and lump sum before pension age if:

• You have opted out and are subsequently retired by your employer on medical grounds.
• Your employment with an employer has come to an end but you would have been retired on medical grounds had that employment continued.
• You are aged above 50 and your personal circumstances prevent you from working, and the Trustee / your employer consents (from 5 April 2010 this age will increase to 55 or above).

Between 3 months and 2 years of qualifying service

If you have less than 2 years but at least 3 months of qualifying service, you have the option of transferring the value of your Investment Account to another approved pension arrangement. You will have 3 months from your date of leaving service to complete a transfer.

If a transfer is not completed within 3 months from your date of leaving service or if you do not request a transfer, you will automatically receive a refund of the invested value of your contributions paid into the Plan less the appropriate tax.

Less than 3 months of qualifying service

If you have less than 3 months qualifying service, you will be entitled to a refund of the invested value of your contributions paid into the Plan less the appropriate tax.