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Each year, we create Total Reward Statements (TRS) and Annual Benefit Statements (ABS) for members who are actively contributing to the Scheme. Your statement is updated after the financial year end at the end of March and made available in mid-…

Personal details and financial summary These are the details your employer held for you (or we held for you, if you're a deferred member), as of 31 March. It includes a summary of the total value of the pay and benefits for the year. If it's only…

Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’. The figures are based on market conditions at this date. Costs could vary significantly at…

If you are looking for general information on understanding your statement, you can watch a recording of the recent 'Your Total Rewards Statement Explained' event on YouTube. This video will also explain why your TRS will look different if you are…

Each year, we update your pension record to the 31 March using information sent to us by your employer. Your Total Reward Statement (TRS) and Annual Benefits Statement (ABS) provides you with an overview of your pension benefits up to 31 March each…

Information about the contributions paid into the Scheme. Employee contributions This is the annual contributions you paid into the scheme during the year. This is prior to the ‘updated to’ date on your statement. It excludes added years and…

Each year, you'll get either a Total Reward Statement (TRS) or an Annual Benefit Statement (ABS). The type of statement you'll get is based on your circumstances. What TRS is  Total Reward Statements are…

Key activities employers must undertake. To do list We provide overviews on activities that we advise you do to prepare your employees and organisation for: Annual Benefits Statements to do list (Excel: 11KB)Total Rewards Statements to do list (…

The employer toolkit offers guidance and support throughout the statement delivery. The toolkit includes: your to do list, which explains your role as an employer and your key milestones guidance on promoting the statements to your employees…

Depending on your circumstances, you’ll receive either a Total Reward Statement (TRS) or an Annual Benefit Statement (ABS) each year. To find out more about Total Reward Statements, Annual Benefit Statements and which one you'll receive, visit What…