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Co-op Pace - Leave Form

Pace - The Co-op pension scheme

Leave Pace DC

Please complete all fields below if you wish to leave Pace DC and have been a member for more than one calendar month. If you have been a member for less than one calendar month and wish to opt out of Pace you should do so through WorkSave Choice.

This form is not for use if you wish to increase or decrease your contribution.

Please ensure you complete all the fields or you will not be able to submit the form at the end.

Please indicate below that you wish to leave Pace DC. This will be effective from the next available payroll run.

Please note: that on ceasing your membership your regular additional voluntary contributions will also be discontinued.

Please read carefully the benefits you will lose on leaving Pace DC.

Employees of the Co-operative Bank plc should not complete this form. There is a separate form available for Bank employees on the Bank intranet and on the Bank's own pensions website.

Important information about leaving Pace DC:

Co-op made some changes to its pension arrangements from 10 June 2019. If you joined Pace before 10 June and stop paying contributions you won’t be able to re-join again in the future on the same terms. The level of life cover you receive may also reduce depending on how much you’re paying into Pace.

You can choose the amount you pay into Pace DC. You should consider whether you could reduce your contribution to Pace DC and pay in a lower amount instead of stopping your contributions altogether. If you want to, you can choose to contribute as little as 1% of your Pay.

If you have any questions please contact the Pace helpline on 0345 026 8689.

Please complete an 'online signature' by entering your full name in the box below before submitting this form.

Once you submit this form your request to leave Pace DC will be processed accordingly and all the relevant information you will need to decide what to do with your pension account will be posted to your home address.