I have pension rights with another public service pension scheme

Printer-friendly versionPrinter-friendly version
Provided you have not had a break of more than 5 years between leaving another public service pension scheme (including the LGPS in Scotland or Northern Ireland) and joining the LGPS in England and Wales and the election to transfer is made within 12 months of joining the LGPS in England and Wales, the transfer may be dealt with under preferential rules known as Club transfer rules.
 
Under the Club transfer rules, if you opt to transfer pension rights from a public service pension scheme the amount of extra pension which is added to your pension account will be equal to the amount of pension you had built up in your pension account with your previous pension scheme (increased by that scheme’s ‘in-service’ revaluation rate if there had been a break between leaving that scheme and joining the LGPS and adjusted to take account of differences in the schemes).
 
The extra pension would be added to your pension account in the LGPS the scheme year that the transfer payment is received. 
 
Also, under the Club transfer rules, where a transfer from another public service pension scheme includes a final salary element (membership built up in a final salary scheme which in most cases is membership up to 31 March 2015) that element would buy final salary scheme membership in the LGPS provided you have not had a continuous break in active membership of a public service pension scheme of more than 5 years.
 
The transfer value will give you broadly equivalent benefits in the LGPS, provided you apply for the transfer within 12 months of joining the LGPS.