Amendments will be made to Pensions Online (POL) to allow employers to submit AW8 retirement applications for members of the 2015 Scheme and members who have benefit entitlement in multiple schemes. This enhancement is currently anticipated to go live over the weekend of 9/10 September 2017.
Going forward employers will select which Scheme the member wishes to claim benefits from by entering the relevant payable dates and reason for retirements. If the member has the option to take an additional lump sum, employers will be able to input the member’s lump sum decision for each relevant scheme that they are claiming from.
Validations on POL will be limited meaning extra care must be taken to ensure the member is eligible for the benefits that are selected.
Guidance will be provided at the time of the changes.