MRC is one of an increasingly small number of organisations that still gives its employees the opportunity to belong to a defined benefit pension scheme.

This means that the Scheme gives you a pension based on service and your pensionable salary when you retire. Even if your retirement is a number of years away, you should have a reasonable idea of what you will be due to get.

The Scheme offers more than a pension when you retire:-

  • An ill health pension if you are retired because of permanent ill health
  • A tax-free lump sum of 3 times your pension on retirement
  • A tax-free lump sum of 4 times your salary if you die in service
  • Pensions for an adult dependant and your children if you die
  • A pension at retirement - even if you are only in the Scheme for two years
  • Pensions in payment are indexed in line with price inflation

Please read through the pages on the left to find out more information on the Scheme