The first thing to understand is that your annual illustration is in the format of final salary pension and CSDB pension. They are not the same as NRA60 and NRA65.
Or have you got a quote from the pensions dept. which includes the figures in NRA60 & NRA65 format?
Final salary relates to service up to 31st March 2008, and CSDB from 1st April 2008 to 31st March 2018.
NRA60 relates to service up to 31st March 2010, and NRA65 from 1st April 2010 to 31st March 2018.
Therefore your annual illustration figures for your NRA60 will be higher than you thought and the NRA65 will be lower.
Plus the Cash Balance(DBCBS) which provides a lump sum.
NRA = Normal Retirement Age, that is what you'll get in pension from that age until you die, increasing with inflation each year. So you will have both NRA60 & NRA65 pensions.
It is possible to take them earlier, but you'll face a 5% per year reduction before NRA.
You can also give up some pension to get a lump sum, in addition to the Cash Balance, up to 25% of your 'total pot value'. See page 12 of your member guide to benefits for more info.
You're in section C as you get a pension supplement. That is payable from when you take your RM pension until your state pension age. But only if you've left RM employment. The state pension is in addition to your RM pension and any other pensions you may have from previous jobs, etc.
The spouses pension will be paid to your husband/wife/partner from your death and until they die.
The Cash Balance(what you're paying into now) will provide a lump sum when taking your benefits.
More info can be found on the RMPP website: https://www.royalmailpensionplan.co.uk/
Pay particular attention to the Library section(https://www.royalmailpensionplan.co.uk/ ... ts/library
), where you'll find:
The members guide to benefits, which tells you how the scheme works;
The death nomination forms to make sure your spouse is named;
The flexible pension guide if you're thinking of taking your pension/s before NRA; and
The AVC guide if you want to contribute more.