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  • Scenario B1 CONC

Scenario B1 CONC

This scenario applies when you have left employment after 31 March 2014 with an entitlement to a deferred refund in the LGPS, and you were in the scheme on both 31 March and 1 April 2014, and continue to be an active member in an ongoing employment.

As you are continuing in the LGPS in your other employment(s), you are not eligible to take a refund of the contributions in your deferred refund account, and so the amount of pension you have built up after 31 March 2014 in your deferred refund account will automatically be transferred and added into your ongoing active pension account.

If you have more than one active pension account (because you have more than one current employment in which you are contributing to the LGPS) you will need to indicate on the election form we send you which active pension account you wish your deferred refund account to be combined with.

The membership you built up before 1 April 2014 in the final salary scheme will continue to count as final salary membership and will automatically be linked to your ongoing active pension account. In order to ensure you get the appropriate level of membership for that period, your pre-1 April 2014 membership from the employment that has ceased is adjusted, using the following formula, if your final pay on the day you ceased being a member in the employment that has ceased is different to the pay on that day in your ongoing employment.

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When you leave your ongoing employment in the future your final pay in that employment will be used to work out your final salary benefits for your pre-1 April 2014 membership. You will also have pension benefits for all the membership you have built up in the career average scheme (i.e. for membership after 31 March 2014). See Working out your benefits in the LGPS in the Re-joiner Glossary page for information on how these benefits are calculated.

For the pension you have built up in the final salary scheme (before 1 April 2014) your normal pension age would be protected at age 65. For the pension you have built up in the career average scheme (on or after 1 April 2014) your normal pension age is now linked to your State Pension Age (minimum age 65).

If you have rule of 85 protections these protections will continue to apply to you. See the Re-joiner Glossary page for more information on the rule of 85

 

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