85 year rule
Last updated: 05/03/2014
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What is the 85 year rule?
The 85 year rule allows some members to retire before the
age of 65 but after 60 with a lower percentage reduction,
or in some cases no reduction at all to their pre 1 April 2014
benefits. The protection rights are explained in further detail
Satisfying the 85 year rule
You must have been a member of the fund before 1 October
At the date you draw your benefits, your age and membership in
years adds up to 85 or more. For example, a member aged 60
with 25 years service could draw their benefits without suffering a
If you satisfy the 85 year rule by age 60, your benefits
built up in respect of service before 1 April 2008 will be fully
protected and payable from age 60 without any reduction for early
Am I a protected member?
This depends on certain factors, some
employees have full protection, others have partial
- If you satisfy the rule of 85 and were born before 1 April
1956 you can retire at age 60 and the benefits you build up
to 31 March 2016 will not be reduced
- If you satisfy the 85 year rule and were born between 1 April
1956 and 1 April 1960, you can retire at age 60 with some
protection from a full early retirement reduction, on your benefits
built up from 1 April 2008 to 31 March 2020
- If you were born after 1 April 1960, you can retire at age 60,
but the benefits built up from 1 April 2008 will have the full
early retirement reduction applied.
The earliest you can retire without incurring a reduction is age
60, if you wish to retire before the age of 60 (but not before
55), the rule of 85 protection would not apply.
If you do not meet the 85 year rule, your benefits will be
subject to a reduction as set out in the reduction table.
The rules on deciding whether you have protection under the 85
year rule are quite complex, it is not advisable to make
a decision on your retirement without contacting the pensions
Buster may help with pensions terminology.