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Document What is meant by the term Second Bite Lump Sum?

This is an additional amount of pension increase that may be paid to you in the April following your retirement.  It represents the additional pensions increase due between the date of the last pensions increase award and your date of retirement. 

Will I recieve a Second Bite pension increase payment?

A second bite increase will only apply to you if you have retired in the following circumstances:
  • having been a deferred member, you are now drawing your pension
  • you were a member of the 1995 section and your TPP period was either the previous or earliest year, where TPP is not your last years pensionable pay
  • you were a member of the 2008 section and your reckonable pay period was not the best three year average ending on your last day of service
An example of a second bite pension increase would be where a member left the scheme on 30 September 2011 and retired on 30 September 2012. The lump sum would have been paid on 1 October 2012 and it will have received the proportionate PI increase applicable between 1 October 2011 and April 2012.  However, the lump sum would still be due an increase in respect of the period between the pensions increase day in April 2012 and the retirement date in September 2012.  This second bite will be payable in April 2013.
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Second Bite Lump Sum, Second Bite, 

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