If you wish to retire from age 55 or if you believe that you may be eligible to retire on the grounds of ill health, you should contact your Employer in the first instance. If after careful consideration you decide to proceed, your Employer will then liaise directly with the Dyfed Pension Fund and the process will begin. You are able to request an Estimate of your benefits from the Fund if you are within 6 months of your proposed retirement date.
Alternatively, if you have registered to the My Pension Online service, you will be able to project the value of your benefits at your proposed retirement date, at any time.
What information is needed to process my retirement?
Your Employer will provide the Dyfed Pension Fund with all the necessary paperwork. Upon receipt of this information, the Fund will liaise directly with you. You will be sent your retirement options and you will then need to return your declaration as soon as possible, for your benefits to be processed in a timely manner.
You will be asked to provide a copy of your Birth Certificate, and if applicable, a copy of your Marriage Certificate, Civil Partnership Declaration or Decree Absolute (if divorced or your civil partnership has been dissolved). You are also required if married or a declared civil partner, to provide a copy of your spouse or civil partner's birth certificate. If a widow or widower, you should provide a copy of your spouse's / civil partner's death certificate.
Your Bank / Building Society account details are required for all payments to be made. You are able to pay any tax-free lump sum into a different account to that of your annual pension. You will be given the option to submit separate account details within your retirement pack.
Please Note
If you have any queries concerning your options on retirement, please contact the Dyfed Pension Fund.