About the scheme
The Local Government Pension Scheme (LGPS) is a statutory Scheme, which means that the scheme rules are issued by parliament and have the force of law. This legal status makes it a very secure pension scheme.
|Your pension scheme at a glance|
|Build up rate of 1/49th of your pay a year|
|Revalued yearly by Treasury order|
|Build up rate for survivor benefits 1/160th|
|Pensions in payment inflation protected|
|What pay counts towards my pension?||Actual pay including overtime, and additional hours if you’re part time|
|Can I reduce my contributions?||You can temporarily pay 50% contributions to get 50% pension|
|What’s my normal pension age?||Your state pension age|
|What's the earliest age I can voluntarily retire at?||From age 55|
|Can I trade pension for lump sum?||Yes – get £12 lump sum for every £1 pension you trade|
|What death grant is paid if I die ‘in service’?||A lump sum of at least three times your pensionable pay|
|How is my pension enhanced if I retire because of ill health?||Depends if it’s tier 1, 2 or 3...
|How long do I have to pay in to be entitled to a pension?||Two years|
|How long can I pay into the pension scheme?||Up to age 75|