As a pensioner, you are currently receiving a pension from the ICI Pension Fund (the Fund).
You can see details of your pension online through electronic pensions administration (ePA). On ePA you can view your:
You should be able to access this information about your benefits, all day, every day, without having to speak to the Helpline.
You will have been sent a personal User ID and password, which you will need to access ePA.
If you have lost or forgotten your User ID or password, please contact ICI Pensions Services.
Find out more about what you can do on ePA by downloading the ePA guide.
Your pension is split into different elements, which increase at different rates, depending upon whether you have reached your Guaranteed Minimum Pension (GMP) age of 60 (for women) or 65 (for men).
Your pension (excluding the GMP and the State Pension Element) will increase by the lower of 5% a year, or the rise in line with the Retail Prices Index (RPI) over a particular period.
You will be sent a letter each November detailing your pension increases.
You can read more about pension increases in the Member handbook and in the Frequently Asked Questions.
This leaflet will help you find answers to questions you may have once you start receiving your pension.
Keeping us up to date with any changes to your personal circumstances helps us pay you and your dependants the right benefits. It also means that should anything happen to you, your wishes are understood by the Trustee.
You should contact us if you:
Once you’ve completed any forms, please return a signed, hard copy by post to ICI Pensions Services.
The Trustee takes the security of your personal information very seriously. Therefore we require any changes to your personal details to be made in writing with your signature to help protect you from fraud. Please note the ICI Pensions Services team will never ask you to confirm changes to your personal information over the phone or by email.
If you are a member whose marriage or civil partnership is being dissolved, your pension settlements and entitlements are generally handled through the courts. The following steps normally happen in relation to your pension:
Note: the Trustee cannot take into account any interim or informal financial arrangements in respect of your pension benefits that are not detailed in a Court Order.
Note: there are administration charges for carrying out this process – ask for a copy of charges from ICI Pensions Services.
Planning for what happens to your pension benefits in the event of your death is not something many of us like to think about. However, you should think about the benefits payable so that your wishes can be carried out.
If you die while you are a pensioner, the benefits that may be payable can include:
Points to note about benefits that may be payable on the death of a member:
Note: Benefits payable on your death can vary and there may be other circumstances where the benefits that your spouse/dependant/beneficiary receives are different to those described above.
If you are a relative or a representative of a deceased member, please click here for more information.
Member Handbook (ICI 1967 Section) – The handbook to the 1967 Section of the ICI Pension Fund has been updated to include changes to the benefits earned by active members and to reflect pension legislation. Inside you will find everything you need to know about being a member of the 1967 Section, including working out your benefits, the protection the Fund offers your dependants, what happens to your benefits if you leave and how to claim them when you retire.
Look out for these symbols to find the information relevant to you:
Like most other specialist areas, at times the world of pensions uses technical terminology that can sound like jargon and although we’ve tried to keep this to a minimum, sometimes it’s simply unavoidable. We’ve also produced a jargon buster which defines some of the industry specific terms you’ll find in some places of your handbook.
The handbook also describes the benefits payable to deferred and pensioner members of the 1949 section. There are some differences, the main one being that there are no supplementary pensions payable under the 1949 rules.
Please note that the handbook is a summary of the benefits provided under the Fund and does not detail every member’s individual benefits, which will depend on the member’s circumstances and may therefore differ from those set out in the handbook. The Trustee must pay member benefits in line with the Fund’s Trust Deed and Rules, which will prevail in the event of any difference between the handbook and the Trust Deed and Rules.
This handbook is available as a reference document. Please contact the Fund Administrator, Willis Towers Watson, if you have a specific question about Fund benefits.