About the Retirement Benefits Plan
Employees in grades 1 to 5 are entitled to membership of the Retirement Benefits Plan (RBP). RBP is a defined benefit pension scheme in which members receive a proportion of their career average lifetime earnings when they retire.
The scheme was established in 1958 for all support staff at the University, and is administered by Mercer. If you are a member of the scheme you might already know about its generous benefits, however, an up to date reminder of the scheme’s benefits is available on the scheme benefits summary.
The University and Trustees of the Plan are committed to the RBP as the most reliable way for employees to provide future security for themselves and their families.
The Legal Part
This website is designed to give you an overview and is not a definitive statement of the scheme. For legal purposes the scheme is governed by a trust deed and rules, and in cases of doubt the deed and rules will always prevail.
The Trustees of the scheme are responsible for ensuring benefits are paid out in accordance with the trust deed and rules, and that it is properly run for the benefit of its members. The scheme’s assets are held in an account that is separate from those of the University.