Could you live on the State Pension? The answer for most of us, sadly, is no.
If you're unsure if joining the RPS is right for you, you may want to consider getting independent financial advice before making any decisions about your retirement plans. Neither your pensions administrator Railpen nor your employer can offer advice.
You might also find useful information and guidance on the following websites:
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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.