About the Scheme

The DB Section closed to contributions and the future build-up of benefits in December 2018. Your deferred pension remains in the Scheme and is revalued each year.

• When you retire, you’ll receive a pension based on a percentage of your salary and length of active service.
• Your pension is paid to you monthly for the rest of your life and is increased each year.
• A pension is automatically paid to your spouse or civil partner after you die, or you can nominate a dependant.

Normal retirement age is 65, but you can choose to retire earlier.

• At retirement, you can choose to give up some of your pension in exchange for a tax-free cash lump sum.
• If you paid additional voluntary contributions (AVCs), you can use them to boost your benefits from the Scheme.

Looking after the Scheme

The Scheme is managed by an independent trustee company called Kimberly-Clark Pension Trusts Limited. It has a trustee board made up of six Trustee Directors. Two of the Trustee Directors have been appointed by Kimberly-Clark, three have been nominated by the members of the Scheme and are known as member-nominated Directors (MNDs), and there is one professional Trustee Director who chairs the Trustee Board.

The Trustee is responsible for running the Scheme in line with the Trust Deed and Rules and pensions law. The assets of the Scheme are held by the Trustee company and are completely separate from Kimberly-Clark.