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

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Your LGPS benefits

You can look forward to enjoying a guaranteed package of benefits when you retire.
 
Your LGPS benefits are made up of:
 
  • An annual pension that, after leaving, increases every year in line with the cost of living for the rest of your life, and
  
  • The option to exchange part of your pension for a tax-free lump sum paid when you draw your pension benefits.
 
If you joined the Scheme before 1 April 2014, you will also have built up benefits in the final salary scheme. 
 
 
 
Source URL:https://mpfmembers.org.uk/content/my-pension-0

Links
[1] https://mpfmembers.org.uk/how-my-pension-worked-out-if-i-joined-lgps-or-after-1-april-2014 [2] https://mpfmembers.org.uk/when-can-i-draw-my-lgps-benefits-0 [3] https://mpfmembers.org.uk/frequently-asked-questions-about-lgps-pensions