PM65d Railways Pension Scheme Network Rail Section Application for Payment of Benefits When filling in this form it is important that you read and understand all the instructions before putting pen to paper 2025

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Local Government Pension Scheme Your pension fund must provide you with an annual statement by 31 August every year if you are an active or deferred member. Your pension fund will most likely provide your statement by making it available on their online pension portal.
The RPS is administered by Railpen, which is a wholly-owned Trustee subsidiary. Railpen provides the RPS with overall governance and management. Railpen performs three distinct functions: Investing funds for long term growth.
Your pension in the RPS A defined benefit (DB) scheme pays you a retirement income based on your salary and how long youve been a member of the scheme, rather than on the amount of money youve contributed to the pension. The RPS Shared Cost Sections are defined benefit sections.
Were based in Brighton and have around 900 staff. We work closely with the Financial Conduct Authority who regulate personal pension schemes. We also work closely with other public bodies including: DWP.
RPS contributions are based on Section Pay rather than your Network Rail Headline Salary. Section Pay is calculated as your Pensionable Pay less a Basic State Pension Deductor (BSP Deductor). For RPS60, the BSP Deductor is 150% of the Basic State Pension. For RPS65, the BSP Deductor is 75% of the Basic State Pension.
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The Railways Pension Trustee Company Limited (the Trustee) and Railpen Limited (Railpen), each with its registered address at 100 Liverpool Street, London EC2M 2AT, are joint controllers in respect of your personal data for the purposes of applicable data protection legislation.
A Pension Scheme Registry (PSR) number is allocated to the pension scheme by The Pensions Regulator and can be obtained from the trustees or managers of the pension scheme. It is an 8-digit number starting with a 1.