Ill-health early retirement
You will be eligible for immediate pension benefits if the Company ends your Reckonable Service by retiring you because of ill-health.
The benefits you will receive depend on the number of years’ Company service you have at the date of your ill-health retirement. The ill-health benefits described in these pages assume that you retire on ill-health grounds while still employed and that none of your Plan benefits are already in payment.
The benefits payable may be different if you retire on ill-health grounds and were already in receipt of the benefits that you had earned for service before 1 April 2010. Further details of the benefits payable in this scenario will be provided once this has been finalised.
The benefits are dependent on how many years' Company service you have:
- If you have between 2 and 5 years’ Company service
- If you have between 5 and 10 years’ Company service
- If you have 10 or more years’ Company service
Different terms apply if you are retired through ill health as a result of illness or injury which is, in the opinion of your employer, caused by your work and is not due to negligence on your part.