Paying Additional Pension Contributions (APCs) to buy extra LGPS pension
If you are in the main section of the Scheme you can pay more in contributions to buy up to £7,026 of extra pension.
Any extra pension you purchase is payable each year in retirement and is payable on top of your normal LGPS benefits. You can pay for this extra pension either regularly from your pay or via a lump sum.
Where your employer also chooses to contribute to the APC arrangement, this is known as Shared Cost Additional Pension Contribution (SCAPC) arrangement.
If you are in the 50/50 section of the Scheme you cannot commence an APC or SCAPC to buy extra pension. If you have an existing APC or SCAPC contract to buy extra pension and elect for the 50/50 section the contract must cease.
Please note that any purchased extra pension will only provide pension for you as a member and not for any dependants.
Buying extra pension
When you apply to buy extra pension, the Fund will issue you with a certificate which must be signed by a registered medical practitioner following a medical examination. This will certify that you are 'in reasonably good health'.
Failure to obtain this signed certificate will mean that your application to buy additional pension is invalid and cannot proceed.
For more details about buying extra pension and to receive a quotation, please contact us on 0151 242 1396.