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Retirement benefits (continued)Glossary of termsSome of the words and phrases usedin this Guide have special meanings.These are highlighted and explainedat the back of this Guide.Early retirement in normal healthOn early retirement and with at least two years’ Qualifying Service, your benefits canbe paid as follows:Age at retirementBetween 60 and 65Between 50 and 60Age 50 or overBenefits payableMore than 25 years’ Qualifying Service:unreduced pension and lump sum.Less than 25 years’ Qualifying Service:reduced pension may be payable(subject to GMP requirements) plus a reduced lump sum.With employer’s consent:reduced pension and lump sum payable subjectto GMP requirements.On redundancy or re-organisation and with at least2 years Qualifying Service:unreduced pension and lump sum.Retirement after Normal Retirement Date(NRD)If, at the request of your employer, youcontinue to work after NRD you will be ableto count your period of service after this dateas Pensionable Service and will continue topay contributions, subject to the overall limitof 45 years’ Pensionable Service.Retirement because of IncapacityIf whilst an active member of UUPS youbecome unfit for work and your employercan find no suitable alternative employment,you may be able to retire with an immediatepension providing you have at least two years’Qualifying Service and satisfy the Incapacityrequirements.The percentages by which pensions and lump sums are reduced for retirement in thecircumstances described above depend on your age at retirement and may be subjectto review from time to time.8 United Utilities Pension Scheme Members’ Guide