Income Protection - our new deal

• Regular monthly income is payable for the whole time you are on half pay or no pay


• We have added lump sum benefits when you first go on to half pay and again on to no pay


• Regular monthly income in medical retirement until age 60 if you are retired for a physical (not mental)condition or until you are able to get alternative work


• We have added a lump sum benefit when you find a new job


• Lump sum benefit of 6 months’ pensionable pay for critical illness. 23 conditions are covered – full details from the policy document on our website

We have written to all existing members covered for Income Protection. They have been upgraded automatically where it is clearly in their interest, but still need to be underwritten for the critical illness benefit in some cases. Members with older policies (1997 to Sept 2002) can apply to switch. They will gain the above benefits but will be giving up the possibility of medical retirement benefit for mental or nervous conditions.