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Here you will find the latest news from the West Midlands Pension Fund...

 

Information for Customers - Public Sector Exit Cap

Following the Government's announcement on Friday 12th February 2021, the Public Sector Exit Payments Regulations 2020 which introduced a £95k cap on public sector exit payments will now be revoked. This means the exit cap no longer applies with effect from 12th February 2021. From this date, if you lose your job because of redundancy or business efficiency, provided you are aged 55 or over and you meet the 2 year vesting period, your LGPS retirement benefits are payable immediately without any early retirement reductions.

 


West Midlands Pension Fund has achieved The Pension Administration Standards Association (PASA) accreditation

We are proud to announce that the West Midlands Pension Fund has achieved The Pension Administration Standards Association (PASA) accreditation.

The West Midlands Pension Fund is the first LGPS Fund in England & Wales to achieve the PASA standard for the quality for our pension administration.

The accreditation is a reflection of working to best practice standards and having the correct controls and procedures in place, along with gathering feedback, looking and trends and performance and investing in our staff.

We would like to thank PASA for supporting us through this achievement.

 


Information for Customers - Covid19

Please click here to read this article

 



Changes to survivor's benefits for same-sex husbands, wives and civil partners (June 2019)

A change has been made as a result of a Supreme Court judgment (Walker v Innospec) which found that Mr Walker's husband was entitled to the same benefits that would have been paid if Mr Walker had died and left a widow in an opposite-sex marriage.

Why does this apply to the LGPS?

The government believes that the implication of this judgment for all public-service pension schemes, including the LGPS, is that surviving civil partners or surviving same-sex husbands or wives should receive benefits equal to those that would be left to the widow of a male member of the scheme.

When does the change take effect from?

The change is backdated to the date that civil partnerships and same-sex marriages were introduced. This is 5 December 2005 for civil partnerships and 13 March 2014 for same-sex marriages.

This means that if a member of the LGPS has died leaving a surviving civil partner or a same-sex husband or wife, the survivor's pension will need to be reviewed and any extra amounts paid, if this applies. We are currently reviewing the effect of this change and will tell you if it applies to you.

The change will automatically be taken into account in survivors' benefits paid to civil partners and same-sex husbands and wives in the future.


Updates to Scheme Actuarial Factors (October 2018)

The Fund has been made aware that the Scheme's actuarial factors are to be revised. We will keep you informed of any changes through this web page.

 

Annual Benefit Statements 2018 (August 2018)

Annual Benefit Statements are currently being uploaded to the Pensions Portal so "Be Pension Smart" and check your Pensions Portal account today! This year, the Fund has implemented a rolling benefit statement production to maximise the number of statements we produce. Visit our Annual Benefit Statement  page for more information.

 


New 'Be Pension Smart' video for contributing members  (August 2018)

If you are actively contributing to the scheme, please click here to find out how you can be pension smart.

 


Updates to the LGPS for active and deferred members (Disclosure Update July 2018)

If you are actively contributing to the scheme or you have a deferred pension benefit, there have been some updates to the LGPS.

For more information on these updates, please select the relevant link below:

pdf icon Deferred Member Disclosure Update 2018 [375kb]

pdf icon Active Member Disclosure Update 2018 [377kb]

 


New Pensions Portal Guidance & Support page (July 2018)

Click here for Portal Guides, videos and FAQs

Portal Guide Image
Portal Guide Image


The Fund has launched a new-look Pensions Portal (August 2017)

My Pensions Portal This link opens in a new browser window
My Pensions Portal

 

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