YOUR DEFERRED PENSION
What is a Deferred Pension?
A deferred benefit is a pension benefit that is retained in the Local Government Pension Scheme (LGPS) until it becomes payable or is transferred out of the Fund.
Your deferred benefits increase in value every year, until payment. Your pension will continue to receive cost of living increases every year, as it is paid to you: as the cost of living increases, so will your benefits.
Deferred benefits become payable at age 65 (unless you opt to defer payment beyond that age). You can elect, in writing to the Fund, to receive your LGPS benefits at any time from age 60 onwards, subject to possible reduction before age 65. Benefits may be put into payment earlier than age 60 with your former employer's consent and again may be subject to reduction.
In all cases of ill health there is no age limit at all and benefits would be paid without reduction.