Your Normal Pension Age (NPA) can be different to your State Pension Age. Your NPA is defined by the rules of the pension scheme you are seeking to draw your pension from. Your State Pension Age is the earliest age you can start receiving your State Pension.
You can only claim EPA if you are doing so as a member of the alpha scheme.
Applications must be received within three months of joining alpha (this includes the date that you moved from classic, classic plus, premium or nuvos) for EPA options that will apply from the start date.
Applications to start at the beginning of the next scheme year must be received in good time. This is before the annual deadline that will be advised.
The level of payment you will need to make will be confirmed before your contract starts.
The amount you will pay will change each year as it is dependent on your age. It can also change when therates which determine the cost are revised by the Scheme Actuary.
We will confirm the level of contribution each year before your EPA option is automatically renewed.
Your NPA is linked to your State Pension age, so it can change.
Your EPA option is NPA minus one, two, or three years. You can claim in full one, two, or three years earlier than your NPA.
For example if your NPA is 68 and you buy an EPA option of NPA minus three. It can be paid in full at age 65 (68 – 3 = 65).
If your NPA changes to 69. Your EPA pension can now be paid in full from 66 (69 – 3 = 66).