Once every year you must issue a statement to pension scheme members, illustrating the current status of their pension benefits. The information shown on each statement varies between each member.

However, some of the more commonly used details include:

• The member’s personal details, such as name, age and marital status.
• Reckonable service, such as employment start date, absences and additional purchased years.
• The amount of pensionable pay earned, including allowances.
• The amount of pension accrued to date and projected to pension age.
• Family benefits, such as widow’s pension or invalidity nominee details.
• Death in service details.

This section explains the screens you use to generate the annual benefit statements for sending to members. You can set up different statement types and tailor the details shown on them. ResourceLink sends the statements you generate to the Standard Letters module for printing.

As with other benefit calculations, you do not have to produce the statements on a given date. The details shown on statements can be calculated for any date in the past or future. This is known as the ‘effective date’, i.e. the date at which the calculation figures shown on the statement become effective.

The following options are available for producing annual benefit statements: