Merseyside Pension Fund
Published on Merseyside Pension Fund (https://mpfmembers.org.uk)

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When can I draw my deferred benefits?

The number 55Your deferred benefits are normally payable from your Normal Pension Age (NPA), but you can opt to put them into payment earlier - from age 55 onwards.
 
The date you left the Local Government Pension Scheme (LGPS) will determine your NPA:
 
  • On or after the 1 April 2014 – NPA is linked to your State Pension Age (SPA) [1], or
  • Before 1 April 2014 – NPA will be 65, or earlier in some cases [2].
 
We will produce a statement [3] for you each year to tell you the current value of your deferred benefits and what your NPA is.
 
You can find this on your My Pension [4] account. Your benefits on hold are revalued each year in line with the Consumer Prices Index (CPI) and are then paid in full at your NPA.
 
Express interest in drawing deferred benefits from age 55 onwards [5]

Source URL:https://mpfmembers.org.uk/content/when-can-i-draw-my-deferred-benefits

Links
[1] https://mpfmembers.org.uk/content/i-left-lgps-deferred-benefit-or-after-1-april-2014 [2] https://mpfmembers.org.uk/content/i-left-lgps-deferred-benefit-1-april-2014 [3] https://mpfmembers.org.uk/content/deferred-members-annual-benefit-statements [4] https://mpfmembers.org.uk/content/what-mypension-service [5] https://mpfmembers.org.uk/content/expression-interest-deferred-benefits-payment-age-55