10 Main Benefits

The Pilkington Superannuation Scheme has many significant benefits for its members.
Below is a summary of the 10 main ones. Click on the for more information on any particular benefit.

  1. A pension based on your average salary.
  2. The annual pension build up is 1/60th or 1/80th for each year that you contribute if you retire at age 65. 
  3. The Company also contributes into the Scheme. This is a significant benefit that you wouldn't get in a personal pension arrangement. 
  4. The Scheme provides security for your family. Your spouse and dependants would receive lump sum benefits and pensions in the event of your death. 
  5. The opportunity to pay Additional Voluntary Contributions (AVCs) to boost your pension, and two choices of where to invest these. 
  6. The option, on retirement, of converting some of your pension to a tax-free lump sum payment
  7. An absolute right to retire at any age from your 60th birthday. 
  8. Should you leave the Company, your pension benefit is transferable to another scheme, or it can be preserved for you in the Pilkington Superannuation Scheme. 
  9. The possibility of early retirement from the age of 55 with the Company's consent. 
  10. Your pension built up after 1997 increases regularly, once in payment, to help keep pace with inflation.