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ANNUAL BENEFIT STATEMENTS
Annual Benefit Statements were produced in December 2009 for those Scheme members who were already in the Scheme as at 1 April 2009. If you were not already a member at 1 April 2009, you will receive your first statement as part of the 2010 run.
The 2009 Statement underwent a significant re-design from those of previous years. We hope you find your new-look statement easier to read and understand. The Annual Benefit Statement is a key part of our communication strategy, so please take the time check your statement and notify us if you have any queries.
As your statement is sent directly to your home address, it is essential you remember to inform us if you change your address to ensure you do not miss out on important information about your valuable scheme benefits.
For identification purposes, each statement displays a reference at the foot of each page, as follows:
| MA1 | Main Run |
| RE1 | Members re-employed after 31 March 2009 |
| BRE1 | Members with a break in membership that spans 31 March 2009 |
| VI1 | Visually impaired members |
| HIE1 | High earners (>£108,600) |
| CD01 | Members who are in a Civil or Declared Partnership with no pre-6 April 1988 membership |
Statements not produced for 2009
Because of unresolved technical difficulties in the administration software we use, the following categories of members were not issued with a statement in 2009:
- Eligible Casual Members (Those without a ‘Mutuality of obligation’ should not be in the Scheme)
- Members in a Civil/Declared Partnership with pre-6 April 1988 membership (Only post-6 April 1988 membership used in calculation)
- Members with a Pension Debit (These may be sent subsequently)
- Members with ARC contracts (These may be sent subsequently)
Members of certain employers have not been sent in the first print run, however these will form part of the first re-issue batch in the New Year. Please contact the Membership Section on 0151 242 1362 to find out whether your employer is in this group.
Contents of 2009 Statements
All statements posted in December 2009, were accompanied by explanatory notes, explaining how the information on the statement was arrived at and the effect on your benefits when they are due.
The 2009 Statement is a personal illustration of your benefit entitlement and details:
- The present value of your benefits calculated using your final pay and membership details as at 31 March 2009, confirming benefits and membership built up to and including 31 March 2008 and those built up from 1 April 2008 to 31 March 2009.
- The present value of LGPS death benefits payable if you die in service, also confirming whether the Fund has a completed LGP25 Death Grant Nomination Form on file.
- The projected value of your LGPS benefits up to the age of 65.
- A forecast of the your State Pension, only if figures have been supplied by the Department for Work & Pensions (DWP) and you have not previously requested that the Fund not approach DWP for details.
- A full breakdown of the total scheme membership by employer and calendar length used in the calculation.
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Any breaks in your scheme membership (e.g. strike days).
Details of Additional Voluntary Contributions (AVCs) are not included on the 2009 Statement, a separate statement will be provided by your AVC provider, if appropriate.
