Eligibility and Entry to the Scheme

Notes

1. Before you can be admitted to the Scheme you must complete and submit an application form.
2. If you decide not to join the Scheme or having joined the Scheme you later opt out by giving the required one month's notice, you will not be entitled to Death in Service benefits. You will also not have the right to join the Scheme at a later date but may be admitted at the discretion of the Bank and the Trustees.
3. If you have a retained pension benefits in another pension scheme which applied to a previous employment, it may be possible, subject to the Trustees' agreement, to transfer these benefits into the Scheme. Further information will be given on application. (Not strictly necessary although you may have decided that there are benefits to be had from requiring this, except that if you are on service abroad in a country in which the Bank must make compulsory pension contributions to a pension arrangement in that country the Bank will not pay contributions to the Scheme as well.)
4. If you decide not to join the Scheme you should complete a Pension Scheme waiver form, available from Human Resources.