As a member of a defined benefit (DB) pension scheme you will get an income for life when you retire.
You can find out roughly how much that might be, by requesting an estimate or using the pension planner in your myRPS account.
But there are still a few decisions you need to make. This includes:
If you leave the Scheme before you qualify for your benefits, you become a ‘preserved’ member.
This means you don’t pay any more contributions. And your pension will be based on how long you’d paid in and your average salary at the time you left. You can find out more here
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Each of Railpen Limited (registered in England and Wales No. 2315380) and Railway Pension Investments Limited (RPIL) (Registered in England and Wales No. 1491097) is a wholly owned subsidiary of Railways Pension Trustee Company Limited (Registered in England and Wales No. 2934539). Registered office for each company: 100 Liverpool Street, London EC2M 2AT. RPIL is authorised and regulated by the Financial Conduct Authority for some of its activities. The administration of occupational pension schemes is not a regulated activity. Full details about the extent of RPIL's authorisation and regulation by the Financial Conduct Authority are available from us on request.