Local Government Pension Scheme regulations changed on 14 May 2018 to allow payment of deferred benefits from age 55 instead of age 60. Your deferred benefits statement now tells you what your benefits will be if you decide to take your pension at
age 55 (or your current age if you’re already over age 55)
age 65, and
state pension age.
Waiting for a deferred retirement quote?
It can take up to three months to receive your deferred retirement quote because of high demand.
You may actually get your deferred benefits statement before your quote arrives and this might give you most of the information you need.
One important thing to remember is that your deferred benefits will be reduced if you take them early. Please refer to your statement for examples of the reductions that will apply in your case.
You’ve received this year’s deferred benefits statement and you’re thinking about taking your pension
Please contact us at least three months before the date you would like to claim your benefits. This will give us time to set everything up.
What if I haven’t received my statement for this year?
You should receive your statement by the end of August. If you don’t, please give us a ring and we’ll make sure you get one as soon as possible.