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Document What is the Unreduced Lump Sum Retiring Allowance (ULSRA)?

Unreduced Lump Sum Retiring Allowance (ULSRA) is relevant to members who have scheme membership prior to 25 March 1972.

Your retirement lump sum is normally three times your pension but some members with membership prior to 25 March 1972 may get a smaller retirement lump sum for that membership. This is because membership before that date counts at 1/3rd of the value of later membership when the lump sum is calculated.

Arrangements can be made to pay additional contributions to secure a full three times lump sum for some or all of the membership prior to March 1972.

For more information, please see the Increasing your pension section on our website.

ulsra, unreduced lump sum, lump sum

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