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What is abatement?

If you partially retire, we may abate (reduce or stop) your pension. We will do this if the combined total amount of your pension and partial retirement earnings (re-shaped earnings) is greater than your salary of reference. Any level of abatement will be reassessed if the terms of your contract of employment change. For example, we would not take overtime or any additional hours paid into consideration when calculating abatement, but we would take account of a change in working hours or a promotion. 
 
  Abatement does not apply to:

  • alpha scheme benefits.
  • members who are over 75 years of age.

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