10.03.2021 Important Notice: for Pilots considering drawing their PNPF pension.
PNPF Fund Accrual & drawing your pension.
A recent retirement has raised a concern which potentially affects all active members of the PNPF.
The fund accrues benefits for members during their service. Under the rules of the fund, this is made up of ‘whole months’ of service only. A partial months service is not counted to your final service accrual. Pilots who are part-time or job share will accrue benefits according to the amount of service notified to the fund under the monthly scheme return.
Therefore, it is advised that pilots prior to naming their date of retirement, consult with the scheme administrators Broadstone, in order to choose the optimum retirement date.
This issue does not involve the Cash Balance Scheme.