UBPAS: Ill health

What happens if ill health forces me to retire early?

If you have completed at least 2 years' active membership within UBPAS, you may be able to retire on Partial Incapacity grounds.

Partial Incapacity - If you are suffering from physical or mental deterioration which will permanently prevent you from undertaking your current occupation but will not, in the Trustees' opinion, prevent you from taking up other gainful or suitable employment.

If you have completed at least 5 years' active membership within UBPAS, you may be able to retire on Total Incapacity grounds.

Total Incapacity - If you are suffering from physical or mental deterioration which will permanently prevent you from undertaking your current occupation and also, in the Trustees' opinion, will prevent you from taking up any other gainful or suitable employment.

In both cases you may leave service with an immediate pension and cash lump sum retirement benefit.

How is an ill-health pension calculated?

In both cases the pension payable will be calculated as:

For benefits accrued before 1st November 2013: 1/80th x Final Pensionable Salary x Pensionable Service in the scheme prior to 1st November 2013.

Plus, for benefits accrued from 1st November 2013: accrual rate x Final Pensionable Salary x Pensionable Service in the scheme from 1st November 2013.

Plus, for benefits accrued from 1 February 2017: accrual rate x Final Pensionable Salary x Pensionable Service in scheme from 1 February 2017.

Where:

For Total Incapacity retirement, the period of Pensionable Service used in the calculation will include the service that you could have completed if you had remained in active membership until Normal Retirement Date (capped at 40 years).

For Partial Incapacity retirement, the period of Pensionable Service used in the calculation will be your actual Pensionable Service completed until the date you leave service.

The ill-health pension will not be reduced for early payment.

In both cases, your cash lump sum will be equal to three times the annual rate of your ill-health pension on retirement.

What happens to my ill-health pension if my circumstances change?

The Trustees have the power to reduce, suspend or terminate your ill-health pension until Normal Retirement Date if you resume employment, or if there appears to the Trustees to be an improvement in the nature or degree of your ill-health.

Edit this page