Career Average Revalued Earnings (CARE)

Welcome to the CARE Pension Scheme page. The CARE Scheme is generally available to all Network Rail staff (subject to eligibility criteria).

You can learn more about the Scheme, the benefits it offers and the costs involved by downloading and reading the Member Guide.

If you are already a member you can log on (or register) at the link below and learn more about your own unique benefits.

CARE was set up in November 2008 and is one of three Company pension schemes operated by Network Rail. New and existing employees can apply to join CARE by completing an application form.

CARE is a defined benefit scheme based on ‘Career Average Revalued Earnings’. This means the pension is calculated in ‘units’ based on a formula which takes account of the member’s pensionable salary for each year of pensionable service. One ‘unit’ is calculated each year (or part year); these are index-linked up to the date benefits are paid out. At retirement all ‘units’ are added together to provide an annual pension.

Useful Links

Network Rail Career Average Revalued Earnings (CARE) member login

L&G CARE AVC Investment Microsite
Further information on CARE AVCs including investment fund factsheets.

SMART Booklet
Information about SMART – an alternative way of paying pension contributions

Money Helper Service
Free impartial money advice, set up by government.

CARE Privacy Notice


CARE Members Guide
The Scheme booklet contains all you need to know to get started with your membership.

CARE Expression of Wish Form
It is very important you keep your expression of wish form up to date so the Trustee knows who you would like to receive any death benefits that may be payable.

CARE Transfer In Form
If you are already a member of the CARE scheme, please use this form to move benefits built up in other schemes into your CARE pension.

CARE Application to pay AVCs Form
You can use this form if you want to start paying AVCs or to change the amount of AVCs you pay.

CARE Member Newsletter 2023
The 2023 issue of Looking Forward, the newsletter for members of the CARE Pension Scheme.

CARE Statement of Investment Principles (SIP) 2023
The Scheme Trustee’s approach to investment is outlined in the Statement of Investment Principles (SIP).

CARE AVC Statement of Investment Principles (SIP) 2024
The Scheme Trustee’s approach to investment is outlined in the Statement of Investment Principles (SIP).

CARE Summary Funding Statement 2021
The Trustee’s Summary Funding Statement for the year ending 31 December 2021.

CARE Report and Accounts 31 December 2022
The Trustee’s Report and Financial Statements for the year ending 31 December 2022.