Search site
»
  • LGPS Frequently Asked Questions

Local Government Pension Scheme (LGPS) Frequently Asked Questions

What is the scheme type? 

Where can I access the scheme regulations?

Where can I access the LGPS member website?

When can members' access their pension/what is the normal pension age? 

What are the early retirement reductions?

What are the late retirement increases?

Where can I find information on pensions increase/basis for revaluation?

Where can I find information on death benefits (including death grants/dependants benefits?

Where can I find the Scheme guide?

How can I obtain a projection of a member's benefits?

When did the scheme cease to be contracted-out?

Commutation information

Does the scheme allow a partial transfer of benefits?

If the member has more than one pension account, are they able to transfer individual pension accounts?

Funding Status

I've received a transfer value statement, where can I find the pre and post 1997 transfer splits?

If the member wishes to transfer their pension but the transfer value has been expired:
a. will you issue another quotation?
b. is there a re-calculation charge applicable? 

Are there any age restrictions applicable in a transfer?


What is the scheme type?

The LGPS is a registered public service pension scheme. It complies with the relevant provisions of the Pensions Schemes Act 1993, the Pensions Act 1995, the Pensions Act 2004 and the Public Service Pensions Act 2013. 

 Where can I access the scheme regulations?

Scheme regulations can be found via the LGPS regulations website here

Where can I access the LGPS member website? 

The LGPS member website can be found here

When can members' access their pension/what is the normal pension age?

Our Deferred members can access this information here

Our Active members who joined the Fund pre 1st April 2014 can access this information here

Our Active members who joined the Fund post 1st April 2014 can access this information here 

What are the early retirement reductions?

Information on the reductions applied should our members wish to retire earlier can be accessed here

What are the late retirement increases?

Increase to a member's pension payment = 0.01% per day

Increase to a member's one off lump sum payment = 0.001% per day

Where can I find information on pensions increase/basis for revaluation?

Information on the pensions increase/basis for revaluation cam be found here

Where can I find information on death benefits (including death grants/dependants benefits?

Information for our Active members' on death in service benefits can be found here

Information for our Deferred members' on death in deferred benefits can be found here

Information for our Pensioner members' on death in retirement benefits can be found here

Where can I find the Scheme guide?

The Fund no longer produces paper scheme booklets, guides and forms. These documents can be downloaded by visiting our Member information/guides web page. 

How can I obtain a projection of a member's benefits?

The scheme provides annual benefit statement which indicates a current value and the projection to their Normal Pension Age (NPA). Contributing members can log into the Pensions Portal to obtain provisional retirement quotations for alternative dates. 

When did the scheme cease to be contracted-out?

The Fund ceased to be contracted out with effect from 6th April 2016. 

Commutation information

The Fund may be able to pay small pensions as a one-off lump sum less a tax charge. However, the circumstances where this may happen are restrictive, particularly if the member has any other pension benefits.

Does the scheme allow a partial transfer of benefits?

No

If the member has more than one pension account, are they able to transfer individual pension accounts?

No, Freedom and Choice information states that if a transfer is to take place, all pension accounts have to be transferred.

Funding Status

For information please visit the  web page . Please note that our transfer values aren't subject to a reduction where there is a scheme deficit.

I've received a transfer value statement, where can I find the pre and post 1997 transfer splits?

Please see the Transfer Value Statement Section 9(2B) Transfer Value in relation to the pre and post 97 transfer value splits.

The Section 9 (2B) rights represent the benefits based on the post 97 contracted out membership (post 97 scheme membership + post 97 transferred in membership from a contracted-out scheme)

If the member wishes to transfer their pension but the transfer value has been expired:
a. will you issue another quotation?
b. is there a re-calculation charge applicable? 

a.    No, the member can only have one CETV in any 12 month period. The member can either wait 12 months for a new CETV or they can use the existing CETV as a basis for their decision making.

 b.    If the member elects to transfer outside of the guarantee period, a £100 administration fee will be charged to cover the cost of the re-calculation made at the payment stage. If a member hasn't elected to transfer, there is no option to re-calculate the transfer value within 12 months of receiving the original transfer value as per the statement in answer 'a'.

Are there any age restrictions applicable in a transfer?

In accordance with Freedom and Choice information an election to transfer any safe guarded benefits would have to be made at least 12 months before the members Normal Retirement Age. Normal pension age, in relation to a benefit for a member of the scheme means the earliest date at which a member is entitled to receive the benefits without an adjustment for taking it early.

Powered by GOSS iCM