Modification

Employees who entered an occupational pension scheme after 5 July 1948 and left the Scheme prior to 1 April 1998 were subject to a modification of their pension scheme.

This means that any contributions paid by you between 5 July 1948 and 31 March 1980 (when modification ceased) were reduced by 6p per week.

Your scheme benefits will therefore be reduced by £1.70 from state retirement age for each completed year during which contributions were paid.