From 1 April 2016, all SAUL members build up CARE (Career Average Revalued Earnings) benefits. You earn a block of pension every year, equal to 1.33% (or 1/75th) of your CARE Salary earned in that year. These blocks of pension are increased each year to protect them against price inflation.
The pension at Normal Pension Date is the total of all the blocks of pension you have built up, plus the inflationary increases.
Further sources of information
Enquiries about the scheme or about an individual's entitlements should be sent to email@example.com
The registered office of the Trustee Company is:
SAUL Trustee Company
1 King's Arm Yard