TDL Retirement Benefits Scheme

This page is for active, retired, and deferred members of the TDL Retirement Benefits Scheme (the ‘Scheme’). The information on these pages describes the benefits and options available for former members of the 1995 section of the NHS Pension Scheme who transferred employment to The Doctors Laboratory Limited on and after 1st May 2012 (Section A members) and for former members of the 2008 section of the NHS Pension Scheme (Section B members).

At retirement, your usual salary will stop, but many of your expenses will not. It is unlikely you’ll be able to survive comfortably on just the State Pension from the Government. Our pension scheme provides you with a pension based on how long you have been in the Scheme and your pensionable earnings.

The TDL Retirement Benefits Scheme is a Final Salary Scheme.

What do I get from the scheme?

What you pay

Member contributions to the Scheme are laid out below in the contribution schedule and are applicable to both sections of the Scheme.

What the company pays

The company will contribute any additional funds required to ensure that the Scheme has sufficient money available to pay the agreed lump sums and pension income to each member, as and when they become due, for as long as necessary.

What you get at retirement

At retirement you will get a pension worked out as 1/80th (Section A members) or 1/60th (Section B members) of your pay at retirement for every year of Pensionable Service.

What your family gets if you die

A lump sum, a partner’s pension (following completion of at least two years’ service) and a dependant’s pension if applicable.