Resignation / End of fixed term contract
Leaving with less than two years' service
If you leave with less than two years' Pensionable Service you will not qualify for a preserved or deferred pension.
Members who do not wish to transfer to another scheme, need to claim a refund of the contributions that they have paid (which will be subject to tax and possibly a premium to buy them back into the State Second Pension).
Leaving with more than two years' service
Members with at least two years' Pensionable Service will have their pension and (lump sum if applicable) preserved or deferred in the Scheme.
The preserved benefits are increased each year in line with the Consumer Price Index (CPI).
When you leave, JSS will issue details of the preserved award. Individuals may have the option of transferring to their new pension provider.
JSS try to contact individuals within four weeks of the last day of membership. If no contact has been made within this timeframe individuals should contact JSS.
© JSS 2019
Last updated: 14 Jun 2018