The RNIB Retirement Benefits Scheme (RBS) is the pension scheme available to RNIB employees.
The Scheme is arranged under a separate Trust, where the assets and liabilities of the Scheme are kept entirely separate from those of RNIB. The Scheme has been in existence since 1 April 1973.
The RNIB Retirement Benefits Scheme is arranged under a Trust and is managed by a board of pension Trustees.
As the Scheme has its own Trust, the assets and liabilities of the Scheme are kept entirely separate from those of the RNIB.
The Scheme is arranged with two sections, one provides a pension, which is related to salary and the employees’ length of service as a member of the Scheme. This section is known as a salary-related or Defined Benefit (DB) and was available to employees with service prior to 31 March 2019.
From 1 April 2019 the Scheme opened a new section, which is an investment related section, also known as Defined Contribution (DC) and is invested with and administered by Legal and General, a large and reputable pensions and insurance provider.
Below you will find the documents prepared by the Trustees for the ongoing governance of the Scheme which are made available to Scheme members: