If you get ill
If you’re too ill to carry on with your job, the Fund offers ill-health retirement options.
DC Core
As a DC Core member, if you’re too ill to carry on with your job, you could receive an income of 50% of your pay through an income protection policy. This will need to be approved both by Nestlé and the policy provider. You’ll receive this benefit until you can return to work or until you reach normal pension age, whichever is earlier.
Pre-August 2017 benefits
If you built up benefits in the lanes before 1 August 2017 and Nestlé accepts medical evidence that you are too ill to carry on with your job, you will also receive any pension you built up in lanes 2 or 3 of the Fund.
Pre-August 2010 benefits
If you were a member of the Fund before August 2010 and Nestlé accepts medical evidence that you are too ill to carry on with your job, you will receive the pension you built up to 31 July 2010, increased in line with the retail prices index (RPI) up to a maximum of 5% a year to the date you stop working for Nestlé.
If you were a member of the final salary section of the Purina UK Pension Plan before August 2010 and Nestlé accepts medical evidence that you are too ill to carry on working, you will receive your pension built up to 31 July 2010, increased in line with the retail prices index (RPI) up to a maximum of 5% a year to the date you stop working for Nestlé. This will be reduced at your state pension age by the Purina pension deduction.
If you were a member of the Purina Pension Savings Plan before August 2010 and Nestlé accepts medical evidence that you’re too ill to carry on with your job, you will receive a pension. This would be based on:
- Your Purina pensionable service up to 31 July 2010 at an accrual rate of 1/60, increased in line with the retail prices index (RPI), up to a maximum of 5% a year to the date you stop working for Nestlé.
If you were a member of the Nestlé Waters UK Ltd Retirement Benefit Scheme before August 2010 and Nestlé accepts medical evidence that you are too ill to carry on working, you will receive the value of your DC Start or DC Core account, which you can use to buy your retirement income.