Benefits on Retirement

In order to receive a pension from the Scheme, a mineworker had to be employed in an eligible occupation at a qualifying activity under the Notts. Wages Agreement, and supplementary agreements in the Notts. Wages District. The list of Collieries that were within the Notts Wages District can be found at the bottom of the website homepage.

Provided the eligibility for benefit conditions are met, then a mineworker will receive a pension from Age 60 (later if retirement was before 2000, earlier if on grounds of ill health).

Members receive a full pension if their service in eligible employment was 15 years or more. The full pension is currently £24.00 per week.

A proportionate pension is payable if service was less than 15 years. For example, after 10 years’ service, the pension would be 10/15ths of the maximum, or £16.00 per week.

The Scheme’s administrators will write to a member about 3 months before they reach age 60 to arrange to set up and pay their pension from their 60th birthday.

Pensions are paid every four weeks by direct credit into a member’s bank account. Some pensions, mainly to members overseas, are paid less frequently. Please see the page on “Pension Payment Dates” for more details.

There are no guaranteed increases to pensions in payment, other than for a small group of members who, by law, have pension in respect of service after 5th April 1997 increased in line with inflation. Overall, the amount of pension is reviewed at each Valuation and increases are paid when they are affordable.

Pensions are payable for life and no dependants’ pensions are payable on death. However, where a member dies at a relatively young age, lump sum benefits may be payable (please see the section on Death Benefits on the page “other benefits payable” for more information).

Please be aware that it is vitally important that we are told about a member’s death as soon as reasonably possible so as to calculate any balances due and not let any overpayments build up.