Deferred Members News 2023

Revised Early Retirement Reduction Factors Published

Submitted by Administrator on July 4, 2023 - 10:51am

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In accordance with Regulation 2(3) of the Local Government Pension Scheme Regulations 2013 and following guidance received from the Secretary of State, we can now confirm that the early retirement factors have been updated with effect from 3 July 2023 and will be applied to benefits taken voluntarily before Normal Pension Age.

Deferred members over age 55 can use the Benefit Projector in 'MyPension'

Submitted by Administrator on March 2, 2023 - 3:15pm

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Deferred members can choose to draw their benefits at any time between the ages of 55 and 75.

If you are a Deferred member aged over 55 and are already a registered user of MyPension, you can use the Benefit Projector to illustrate the estimated value of your pension benefits under different circumstances.