2016 Deferred Members' Annual Benefit Statement - Explanatory Notes if you left the LGPS before 1 April 2014

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When can I draw my deferred benefits?
 
You may voluntarily draw your benefits anytime between age 60 and 75. However if you choose to draw them before your Normal Pension Age (age 65), the amounts may be subject to reduction on account of being paid early. If you choose to draw them after age 65, the amounts would be increased on account of being paid later than expected.
 
If, at any age, you suffer permanent ill health before your ‘Benefits payable from’ date, you can apply to your former employer to have your benefits paid earlier. You can also apply to your former employer to have your benefits paid from as early as age 55, for reasons other than ill health, although your former employer has absolute discretion and may refuse for a number of reasons, including cost.
 
In circumstances where your employer has ceased to participate in the Scheme, all applications for early release of deferred benefits should be made to Wirral Council as the administering authority of Merseyside Pension Fund.

 

What if I should die before receiving my deferred benefits?
 
Should you die before your deferred benefits are paid, the Death Grant shown on your statement may be payable. However if you die, having recommenced active LGPS membership, the Death in Service grant, if greater, would be payable instead.
 
A Death Grant Expression of Wish form can be made or amended at any time, which will assist the Fund in the payment of the Death Grant.
 
Whilst not shown on the statement, a Survivor’s pension may be payable on death, depending on your relationship status at the time of death:
 
  • Surviving Spouse’s/Registered Civil Partner’s pensions are usually based on all membership, but may be less if you have married/entered into a Registered Civil Partnership since you left the Scheme.

 

  • Widowers’ pensions are based on different periods of membership, depending on when you left the Scheme. If you left the Scheme before 1 April 1998, a widower’s pension would be based on membership from 6 April 1988 only. If you left the Scheme between 1 April 1998 and 31 March 2008, a widower’s pension would be based on membership from 1 April 1972. If you left the Scheme after 31 March 2008, a widower’s pension would be based on all membership. If you married since leaving the Scheme, the widower’s pension may be less.

 

  • A Survivor’s pension, based on membership after 5 April 1988, may be payable to your Registered Civil Partner, if you left the Scheme before 1 April 2008, or based on all membership if you left after 31 March 2008.

 

  • A Survivor’s pension may also be payable to a Cohabiting Partner, based on membership after 5 April 1988, provided your ‘Date left pensionable employment’ was on or after 1 April 2008. As you left before 1 April 2014, for this benefit to be payable you must complete a Survivor’s Pension (Cohabiting Partner) notification.

 

Irrespective of your length of membership, children’s pensions are payable automatically on the death of a member, usually until age 18, or 23 if in full-time education, or for life where the child is disabled within the meaning of the Equality Act 2010.

 

Please Note:
If you re-join or have already re-joined, the LGPS in another Fund in England or Wales, you must, if you have not done so already:
 
  • notify the administering authority of the Fund in which you are an active member that you have a deferred benefit with Merseyside Pension Fund,

 

  • notify Merseyside Pension Fund that you are an active member in another LGPS Fund in England or Wales, and

 

  • notify the administering authority of the Fund in which you are an active member of any intervening membership in any other public service pension scheme (even if you have received a refund of contributions in respect of that membership).