RPS DC members
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  • DC Members

    About the scheme - Leaving the scheme

  • Transfer out

    If you stop working for your current employer, you may be able to transfer the value of your personal retirement account to your new employer’s pension scheme or to a personal pension or stakeholder pension.

    Alternatively, if you are age 50 or over (or over age 55 if you joined the scheme after 6th April 2006 and plan to retire after 6th April 2010), you could use your personal retirement account to buy an annuity from an insurance company of your choice.

    If you choose to transfer your personal retirement account to another scheme or annuity policy, the total value of your account will be offered to the administrators of your new scheme. They will tell you what benefits are available in that scheme. You can then decide if you want to complete the transfer.