How does my deferred pension increase?

The level at which your pension increases in deferment is dependent upon the section of the Plan in which you are a member.

• Closed Staff, Closed Works, Closed 80ths, Closed SRBS sections (except SRBS 2004)

  From 1 March 2001 to the date you retire your deferred pension will increase each year in April by the increase in the Consumer Prices Index (CPI) up to a maximum of 7% (Prior to 1 March 2001 this maximum increase was 5%).

• Closed TRW UK, Closed TRW Steering

  For members that left after 1 March 2001, your deferred pension will increase each year in April by Limited Price Indexation (LPI). This is defined by the Government as the rise in the Consumer Prices Index (CPI) up to a maximum annual percentage increase.

  For benefits earned before 5 April 2009, the maximum annual percentage increase is 5%. For benefits earned after 5 April 2009, the maximum annual percentage increase is 2.5%.

• Closed 100ths 2004, Closed 100ths 2006, Closed SRBS 2004, ZF Great Britain

  From the date you leave the Plan to the date you retire your deferred pension will increase each year by Limited Price Indexation (LPI). This is defined by the Government as the rise in the Consumer Prices Index (CPI) up to a maximum annual percentage increase.

  For benefits earned before 5 April 2009, the maximum annual percentage increase is 5%. For benefits earned after 5 April 2009, the maximum annual percentage increase is 2.5%.

• ZF Lemforder

  From the date you leave the Plan to the date you retire your deferred pension will increase each year by Limited Price Indexation (LPI). This is defined by the Government as the rise in the Consumer Prices Index (CPI) up to a maximum annual percentage increase of 5%.