If you built up a pension in Pace DB, your pension was calculated as at your date of leaving. Since then, your pension has received increases each April, which will continue until the date it’s paid, to help protect it against inflation (up to a maximum of 5% a year). The Pace DB pension guide explains how your pension would be paid and what other benefits you’re entitled to.
It’s important to let us know if you change your address, especially if you’re no longer working for the Co-op. Otherwise, there might be a delay in paying your pension when you’re ready to take it. You can change your address by contacting the Co-op Pensions Department.