Pace DB was set up in April 2006, when three Co-op defined benefit (DB) pension schemes merged: CIS Employees’ Pension Scheme, The Co-operative Bank Pension Scheme and Co-operative Group (CWS) Limited Pension Scheme. It also incorporates a number of pension schemes from other co-operatives and companies who merged with the Co-op – more information on these schemes can be found in the Other Schemes section of the website.
Pace DB closed on 28 October 2015. This means no-one has built up any more pension in Pace DB since then. However, any pension you’d already built up to that point will still receive annual increases to protect it against increases in the cost of living.
Since April 2020, the majority of Pace pensioners have been able to access their pension information online, with the launch of Member Online, our secure member area.
By registering for Member Online, from November 2021 you will be able to keep your own details up to date and view enhancements to functionality as we continue to develop the system.
You can register for, and access Member Online by clicking here. We’ve produced a step-by-step guide to help you through the registration process.