What benefits could I lose if I opt out?

If you decide to opt out, you will be missing out on some of the main benefits of the LGPS:

A guaranteed, inflation-proofed pension based on your pay in each year that you pay into the Scheme
An option to exchange some of your annual pension for a tax-free lump sum amount
The option to increase your pension by paying extra contributions
Redundancy cover from age 55
A death in service lump sum of three times pensionable pay.
Protection for your family in the form of survivors’ pensions for widows, widowers, eligible co-habiting partners, civil partners and dependant children
An ill health pension from any age

You can contact us on 0151 242 1392 if you wish to speak to us for more information.

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