Can I opt out of the Scheme?
Printer-friendly versionThe LGPS is a valuable part of the pay and rewards package of employees who are entitled to join the Scheme. You can take control by choosing to pay more or less into your pension. The LGPS protects you and your dependants with a range of benefits, click here to read the Highlights of the LGPS.
You have the right to opt out of the LGPS if you decide you do not wish to be a member. What happens if you opt out depends on how long you have been a member of the Scheme. You should think carefully before opting out. Opting out may reduce your income in later life. You may wish to get help from an independent financial adviser.
Your opt out decision
If you are thinking about opting out of the LGPS, you might want to consider moving to the 50/50 section of the Scheme. In the 50/50 section you pay half the normal contributions to build up pension at half the normal rate. You retain full life cover and ill health cover in the 50/50 section.
If you have decided that the 50/50 section is not for you, you can opt out of the LGPS. You cannot opt out before the first day that you are a member. This will usually be the first day of your employment, but it may be the date your employer must bring you into the LGPS under Automatic enrolment rules.
You can opt out by giving your employer notice in writing. You must contact us on 0151 242 1392 to get an opt out form.
Your employer cannot give you an opt out form. If your employer puts pressure on you to opt out of the pension scheme, you should contact The Pensions Regulator
- Opting out in your first three months of membership >>
- Opting out with less than two years' membership >>
- Opting out after more than two years >>
- Re-joining the LGPS >>