Update on timings to this year’s benefit statements for contributing members

If you are a contributing member, you receive an annual benefit statement which tells you your projected yearly pension at your Normal Pension Age.

This year you will receive your statement later than normal. This is because the company’s pay review was delayed and your pension statement is worked out using your pensionable pay as a basis.

Some members will also receive a Pensions Savings Statement. Every year your pension benefits are calculated to understand the value of growth over the tax year just finished. This calculation checks if you have exceeded the Annual Allowance (currently £60,000) for that year within the RWE Group. If you have, then you will also receive the Pensions Savings Statement.

We expect to be able to issue your statements by October 2024.