Late Retirement Factors 


A person entitled to, but not yet in receipt of, compensation from the Pension Protection Fund may be entitled to postpone payment of compensation past normal pension age.

The Pension Protection Fund and Occupational Pension Schemes (Miscellaneous Amendments) Regulations 2013 permit the postponement of PPF compensation and any separate lump sum in specified circumstances up to age 75.

The amount of periodic compensation (i.e. pension) payable late is calculated according to the table in the link below:

Late Retirement Factors from 1 November 2017 - Periodic Compensation

The amount of lump sum payable late (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) is calculated according to the table in the link below:

Late Retirement Factors from 1 November 2017 - Lump Sum

The late retirement factors will be reviewed from time to time and may be changed without notice.

Factors for Previous Periods are also available