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If you joined the LGPS before 1 April 2014

The Local Government Pension Scheme (LGPS) changed from a final salary scheme to a career average scheme on 1 April 2014.
 
All benefits built up in the LGPS after 31 March 2014 will be worked out [1] under the rules of the new career average scheme. However, if you joined the Scheme before 1 April 2014, you will also have built up benefits in the final salary scheme.
 
Your benefits in the LGPS built up before 1 April 2014, are based on:
 
  • your membership [2] in the Scheme up to 31 March 2014, and
 
  • your final pay [3] when you leave the Scheme, although the benefits based on membership to 31 March 2008 are calculated slightly differently to benefits based on membership between 1 April 2008 and 31 March 2014.
 
 
When can I draw my LGPS benefits? [5]
 
Source URL:https://mpfmembers.org.uk/content/if-you-joined-lgps-1-april-2014

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/what-counts-towards-membership-scheme-1-april-2014 [3] https://mpfmembers.org.uk/final-pay [4] https://mpfmembers.org.uk/how-are-my-lgps-benefits-worked-out [5] https://mpfmembers.org.uk/when-can-i-draw-my-lgps-benefits [6] https://mpfmembers.org.uk/frequently-asked-questions-if-you-joined-lgps-1-april-2014