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Railway pension increase 2022

Change contributions form PM42 - Railways Pension Scheme 2025

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The document is an application form for members of the PM42 Railways Pension Scheme to amend their Additional Voluntary Contributions (AVC Extra). It outlines the process for making one-off payments or changing regular contributions, details investment options available, and emphasizes the importance of seeking independent financial advice. The form also includes sections for personal details, contribution amounts, investment choices, and data protection consent.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the pension scheme number?

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.

What is defined benefit railway pension scheme?

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.

Where is the pensions regulator based?

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.

What is brass pension?

You can choose to pay Additional Voluntary Contributions (AVCs), known as BRASS, with the aim of increasing your RPS pension benefits. BRASS contributions are used to provide additional benefits on a defined contribution basis (Money Purchase) and are invested into AVC funds provided by the scheme.

What is the address of the Railways Pension Scheme?

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.

Who is the administrator of the railway pension scheme?

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.

How do I check my local government pension?

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.

Change contributions form PM42 - Railways Pension Scheme 2025

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