65 AND OVER
You will receive retirement benefits from the age of 65 without reduction.
Retiring later than 65
You can however continue in local government employment and pay LGPS contributions after age 65. In these circumstances your pension will be increased to reflect the fact that your pension will be paid for a shorter period overall.
Currently, the increases are 0.01% per day on your lump sum and 0.02% per day on your pension. These equate to 3.6% on the lump sum and 7.3% on the pension for every year you delay retirement after age 65.
Your retirement benefits must be paid by the day before your 75th birthday.
