Protection for those within 10 years of retirement
There will be statutory based transitional protection for certain categories of members, as follows:
If you fall outside that 10 year transitional protection
Scheme members who, on 1 April 2012, are within 4 years of qualifying for transitional protection (as described above) will continue to accrue pension in their existing schemes on a tapered basis. They gain about 53 days of protection in their existing schemes for every month they are above the lower limit that applies in their case. The last possible day of protected service for any such member will be 31 March 2022.
This will apply to active members:
Once a member's tapered protection expires, they will be transferred into the new pension scheme.
Members qualifying for tapered protection will be able to take their "Part 1" pension at the age at which they were expecting. After members are transferred into the new pension scheme, they will accrue their "Part 2" pension in that scheme.
The link below will take you to a calculator on the Gov.uk website that will allow you to calculate not only your protection, but also the 2015 benefits you can expect to receive if you are due to enter the 2015 scheme.