myNRpension

Welcome to myNRpension

This site is your one-stop-shop for:

  • Discovering the pension options Network Rail (NR) offers its employees;
  • Learning more about the pension scheme you are currently a member of;
  • Logging on and checking your own pension benefits and their value;
  • Acting to make sure you get the most from the benefits available to you.

Network Rail Employees

Network Rail (NR) believes that providing great pension benefits is an important part of being a responsible employer that truly values its staff during employment, but which also wants to continue that support after retirement.

As such, we are proud to provide you with a range of pension options as demonstrated by the three schemes that employees can currently join: the Railways Pension Scheme (NR section); the NRDC defined contribution scheme; and NR CARE, our career average salary scheme which is a type of defined benefit arrangement.

Click the menu buttons at the top of the screen to learn more about each of the three schemes as well as finding useful information to download including scheme booklets and forms that help you get the most from the benefits you're entitled to. You can find a handy comparison factsheet of the features of RPS65, CARE and the NRDC in the useful links section below.

Useful links

News

RPS 60 terms Scheme bookletRPS Online Portal Upgrade - Message for RPS Members

Thers are some changes taking place in the way the Railways Pension Scheme ("RPS") obtain and provide information to both employers and members. This in the short term may affect your ability to carry out certain requestes via the RPMI Online Portal in relation to your RPS Pension. Read more at the link above.

NRDC & CARE - Member Nominated Director Election Result

Following the recent Member Nominated Director election we can confirm that we received eight candidate nominations. Following an election ballot process, all ballot papers have now been counted and verified and we are able to confirm that Mr Benjamin Milway, the existing Member Nominated Trustee Director, received 284 votes (36.69%) and will continue in his post as Member Nominated Trustee Director until 1st April 2024.

COVID-19: Important message from the Trustees

Dear Member,

These are unprecedented times in the UK and across the world.

Fears around the spread of COVID-19 and the containment measures governments around the world have put in place, have impacted the global investment markets in recent weeks, affecting investors, companies and employees across the world.

As Trustees of the Network Rail CARE and NRDC Pension Schemes we take a long term outlook for the performance of investments in the Schemes. Your benefits may well accumulate and be paid for many years into the future and it is important to ensure that we consider the current crisis in this context before making any changes to our investment strategy. We have, along with our advisors, been carefully monitoring the Schemes' investments and development of the COVID-19 situation and continue to give consideration to the expected relatively short term nature of the current situation. We will continue to monitor this situation on a day-to-day basis with regular discussions with our advisors.

Whilst no action is required by you at this time, if you are considering making any changes in relation to your NRDC or CARE AVC savings at this time, we strongly recommend that you speak to a financial advisor before doing so. You should note that if you invest your NRDC or CARE AVC savings in the Schemes' Property Funds, these funds have been temporarily closed (gated) by the investment managers (Aviva, Threedneedle and LGIM), to money going in and out. You will therefore be unable to direct money to or withdraw money from these two funds until further notice. We will be contacting members shortly who make regular contributions to the Property Funds to advise you on the action your Trustees are taking to redirect future contributions elsewhere whilst these restrictions are in place.

The Trustees will update you if the situation changes significantly and we agree with our advisors to make any changes to the Schemes' investments.

Our priority remains to pay pension benefits both now and in the future to our members.

Anit Chandarana
Chair of Trustees
on behalf of the Trustees of the Network Rail CARE and NRDC Pension Schemes

Looking after your loved ones

All three Network Rail pension schemes provide a death-in-service lump sum of four-times pensionable pay.  The only way to tell the Trustee who your beneficiaries are is to complete a nomination/expression of wish form.

The forms are downloadable from this website by selecting your pension scheme from the main menu bar. 

Protect yourself against pension scams

The Pensions Regulator has published a ten step guide on how to spot the signs and give yourself the best possible protection against pension predators.  Please refer to tPR's website and check the facts before you make an irreversible decision.

Annual Allowance factsheet

With the end of the tax year approaching, you may be considering the impact of HMRC’s Annual Allowance (AA) limits.  RPMI have published a factsheet with general information on the AA calculation basis for DB & DC schemes, 3 year carry forward rule and Tapered Allowance for individuals with an adjusted income of over £150,000.

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