This page contains the most frequently asked questions we receive from our members. We aim to provide the answers to these and other questions on our webpages, but if you are still unsure about something, please contact us.
When can I retire?
You can normally choose to retire at any age from 55 onwards, providing you leave your job. If you choose to retire early, your pension might be adjusted to reflect that we will be paying you for longer. If, however you meet the relevant ill health criteria you may be able to receive your pension at any age.
Why haven't I received my pension statement?
There could be many reasons why you haven’t received your annual pension statement yet, for more details about your pension statement if you are currently paying in, please see our active member annual benefit statement page, or if you are no longer paying in, please see our deferred member annual benefit statement page.
Why isn't the service shown on my statement the same as my actual service?
The service shown on your statement will not match your actual service in your post if you have been part time at any point before 1 April 2014. The service recorded is reduced to reflect your period of part time as we still use full time equivalent pay when working out the final salary part of your pension. For example, if you worked half time for 10 years, this will be recorded as 5 years’ service. If you’ve taken part in any industrial action, these days don’t usually count as pensionable service either.
Why is my pension/lump sum lower on my latest statement compared to last year?
This is likely to be because the final salary part of your pay that your employer has told us about is lower than the figure they gave us last year, you may need to query this with your employer.
What if I don't understand some of the details on my statement?
We understand that pensions are complex, if there is anything about the statement you don’t understand and you are currently paying in, please see our active member annual benefit statement page, or if you are no longer paying in, please see our deferred member annual benefit statement page.
What is the rule of 85?
The rule of 85 is complicated and different for everyone, to see if and how you are affected, please see our rule of 85 information.
How do my other pensions affect my LGPS pension?
When you retire if the capital value of your pension benefits totals more than HMRC’s lifetime allowance limit, you may get a tax charge. Your annual benefit statement includes the latest update on how much of your lifetime allowance you have reached by the most recent 31 March.
I am 55 or over, how long after I leave my job will I get my pension?
We will try to pay you as soon as we can, but it can vary, depending on how soon your employer gives us all the details we need, see the steps to receiving your pension benefits for details on the retirement process.
Can I take some or all of my pension as a lump sum?
Yes, this may be possible, see our information on lump sums and tax.
How much does my employer pay?
The Local Government Pension Scheme does not work like a personal pension, your employer pays enough to keep the pension scheme going for all of its employees, their contribution does not go into your 'pot'. All the employers’ contributions rates are detailed in the latest actuarial valuation report.
If I deferred my pension and claimed it at a later date, can I calculate how much it would be?
We are currently working on a calculator for our website to do this for you but until then, you may find the information you need in either our leaving before retirement or payment of deferred benefits pages.
What gets paid out when I die?
The exact details will depend on whether you are an active member, deferred member or a pensioner member when you die. Generally, in the event of your death, there are 2 things that we might pay out:
- A survivors pension to any eligible survivors which is usually between 30% to 50% of your pension
- If you die while paying in or with deferred benefits, a lump sum death grant is payable either to your nominated beneficiaries (the expression of wish nomination form is available on our forms and guides page) or to your estate. If you die while receiving pension it will depend on how long you have already been receiving a pension from us.