Leaving benefits

Two or more years' pensionable service

You can either leave your benefits in the Plan to be paid when you retire (a deferred pension) or you can ask that a transfer payment be made to another pension arrangement (a registered pension scheme) of your choice:

  • Deferred pension - if you have completed two or more years' pensionable service on leaving, you will be entitled to a pension which will be paid when you retire. This is known as a deferred pension.
  • Transfer - an alternative to the deferred pension may be to transfer the value of your benefits to another registered pension scheme subject to the agreement of the Trustees of the Lafarge UK Pension Plan, and the recipient scheme.