Your Basic Benefit is made up of two parts:
Defined Basic Benefit, which is another employer funded benefit which is calculated using a formula. It was introduced in April 1988 and will generally provide a benefit of 3% of salary for every year or part-year you have worked since that date.
Other Contributions Account, which is an accumulation-style account which is able to accept and invest any employer, employee and Government contributions which your Contributor Financed Benefit account is unable to receive. This also includes any balances from other funds that you have rolled over to your Retirement Scheme account.