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Document Does my Total Reward Statement/Annual Benefit Statement take account of my ‘Scheme Pays’ deduction?

No. If you have been accepted for Scheme Pays, the figures given on your statement will not take account of the amount that will be deducted from your benefits.

We are unable to estimate the Scheme Pays deduction as this will be based on your age and interest accrued when you come to retire. This is explained within the Scheme Pays acceptance letter sent to you. However, information about the potential cost can be found on our website.
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scheme pays, trs scheme pays, scheme pays trs

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