Guaranteed Minimum Pension (GMP)

Guaranteed Minimum Pension (GMP ) only applies to you if you were an active member of the Scheme any time between 6 April 1978 and 5 April 1997. Alternatively, you may have a GMP, if you transferred in previous pension entitlements into the Scheme which included a GMP element.

The GMP is broadly equivalent to the pension that would have built up in the State Earnings Related Pension Scheme (SERPS), had the scheme not been contracted out, but only relates to service between 6 April 1978 and 5 April 1997.