When you leave a final-salary pension scheme like this, your benefits get frozen. This is called “preservation” or “deferment”. Your pension is worked out and fixed at the date you leave the pension scheme, and then, in most cases, it increases every year in line with prices to make sure its value doesn’t drop.
Unless you decide to move it, your pension will stay in this scheme until you get to your normal retirement date. The scheme will then pay a pension to you directly for the rest of your life.
Once you stop building up a pension in this scheme, the value of your pension is fixed. Although this might go up every year in line with prices, no other changes will take place. Because of this, we do not write out to members every year with a benefit statement. You can however log in to My Pension Tracker to view the current value of your deferred pension.