How is my pension worked out if I joined the LGPS before 1 April 2014

Printer-friendly versionPrinter-friendly version
You will have benefits in the final salary scheme which ended on 31 March 2014.
 
When you leave the LGPS, the benefits built up before 1 April 2014 are consequently worked out differently, and are calculated using both your membership in the LGPS prior to 1 April 2014 and your final pay:
 
  • For each year of LGPS membership built up between 1 April 2008 to 31 March 2014 you receive a pension based on 1/60th of your final pay.
 
  • For each year of LGPS membership built up before 1 April 2008 you receive a pension based on 1/80th of your final pay. You will also receive an automatic lump sum.
 
If you were a member of the LGPS before 1 April 2012, and were nearing retirement at that time, you will have additional protection to ensure that the value of the pension you could have built up in the main section of the Scheme after 31 March 2014 is at least as good as the amount of pension you could have built up if you had continued to accrue pension at the rate of 1/60th of your final pay for each year of membership.