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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.
The outcome of the RPS & CARE valuations has been published on the internal Connect website, and is also available to view here.
Here are some FAQs about the RPS and CARE changes.
Network Rail has opened six-month window for eligible employees who have over five years' service but are not in the RPS to apply to join. Please download the form here.
For a summary of the three NR pension schemes, please review the key features document, which is available to read from the home page.
The ballot papers have been counted and independantly verified by RPMI Trustee Governance services. There were five nominees and Mr Ben Milway received the most votes and will take up the post of Trustee Director in April 2016.