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People also ask
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What is a pension scheme type?
There are two types of workplace pension schemes – defined benefit and defined contribution schemes.
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What is rps 60?
Storing fly-tipped waste and waste from trash screens and litter bins: RPS 60.
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How do I contact the Railways pension scheme?
If you still need assistance, and are logged into your myRPS account, you can ask a question using the form at the bottom of the page. Alternatively, you can contact the Helpline at csu@railpen.com or telephone 0800 012 1117.
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What is the statement of investment principles of the railways pension scheme?
The Statement of Investment Principles (SIP) details the policies which control how a pension scheme invests. The SIP sets out the principles governing how decisions about investments are made and has been prepared in ance with all relevant legislation and best practice guidelines.
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What is a defined benefit pension?
A defined benefit (DB) pension scheme is one where the amount you're paid is based on how many years you've been a member of the employer's scheme and the salary you've earned when you leave or retire. They pay out a secure income for life which increases each year in line with inflation.
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What are the sections of the Railways pension scheme?
You may be eligible to join if your employer has a section in the RPS. The RPS is divided into the 1994 Pensioners Section, Shared Cost Arrangement, Defined Benefit Arrangement, Defined Contribution Arrangement, Omnibus Section, and Industry-Wide Defined Contribution Section.
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What is brass pension?
As a BRASS member, you pay Additional Voluntary Contributions (AVCs). If you decide to join BRASS, the money you pay into your BRASS account is invested with the aim of 'topping up' your main Scheme pension for when you retire.
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