Once you have 2 years of membership in the Scheme (or less if you have transferred previous pension rights in), your benefits will be deferred in the Cheshire Pension Fund until you reach your normal retirement age. During the time your benefits are deferred in the Fund, they will be revalued in line with the Consumer Price Index (CPI) each year from the date you leave.
If you joined the scheme before 1st April 2014 you may also choose to take a refund or transfer your benefits. You can only take these additional options if:
- You left the scheme after 1st April 2014
- You have more than 3 months membership, but less than 2 years membership