Public Sector employees who are over age 50 and age 70 or under can apply to join the plan.
You must apply within the 6 months before or 12 months after:
- your retirement date or
- the date you reach the ceasing age of your scheme/plan. whichever is earliest.
If you are a claimant please refer to page 9 of the Plan booklet here.
There are 3 entry routes into the plan. Please see below for the route that is relevant for you:
If you are automatically entered into the plan by your employer, there is no application or medical information needed.
2. Preferential Entry
If you are a member of one of the Cornmarket Salary/Income Protection Schemes listed on page 9 here - then you do not need to provide medical information on your application form.
3. Standard Entry
If you are unable to join the plan using either route 1 or 2, then you need to complete an application form and provide medical information.
If you're retired
Your cover is based on your pensionable salary. This includes your basic salary at retirement, plus the average of your fluctuating pensionable earnings over the three years before you retired.
If you're working
Your cover is based on your current salary. This includes your current gross annual salary, plus an average of any other payments you've received in the last three years (these are taken into account for Superannuation purposes).
Please note: if you join while you are still working, please make sure to tell us your pensionable salary on retirement. Please see the Plan Summary Booklet for more information.
The plan is designed to be affordable for all Public Sector employees, with rates and benefits that are negotiated on a special ‘group basis’.
The plan currently costs 0.5% of your salary*.
*For more information on salary, please see Q3 above 'What salary is my cover based on?'