If you leave the Company or opt-out, you will become a deferred member (although, please note that if you are a member of the JLR DC Fund and then leave the Company, you may choose to continue to pay single payments into your fund directly with Zurich). Being a deferred member means that whilst you have left employment, your pension benefits remain in the Plan, Scheme or Fund until you retire.
The pension you will receive as a deferred member when you retire will be worked out by reference to the rules of your Scheme/Plan or the value of your Fund for Defined Contribution members.
Keeping up to date
If you are a deferred member or are thinking of leaving, please ensure that you keep us up-to-date with your address. This will enable us to keep in touch with you and to make any pension or other payments in good time.
Review and Update
You should also make sure to review and update your Expression of Wish Form / Death Benefit Nomination Form if your personal circumstances change.