Deferred Increases

To protect the buying power of your deferred pension, it is usually increased each year, in line with the Rules of your scheme.

C & J Clark Pension Fund - Plan 18

If you leave your benefits deferred in the Fund, your investment account will continue to be invested for you until you retire.

C & J Clark Pension Fund - Plan 35

The value of your deferred pension above the Guaranteed Minimum Pension (GMP) is guaranteed to increase at 5% a year or, if it is less, the rise in the Consumer Prices Index (CPI), or alternative suitable index between the date you leave and the date you start to receive your pension. For members leaving after 5 April 2012, increases in the GMP between the date of leaving and the date of starting to receive pension will be at a rate of 4.75% a year.

Clarks Flexible Pension Scheme - Investment Related Section

If you leave your benefits deferred in the Scheme, your investment account will continue to be invested for you until you retire. You may continue to switch monies between investment funds.

Clarks Flexible Pension Scheme - Pay Related Section

Your deferred pension will be increased by 5% per year or in line with inflation if lower, up to retirement date. 

© Clarks Pensions 2014