Active Members who are registered users of 'MyPension', and were contributing to the LGPS as at 31 March 2019, can now view their 2019 Annual Benefit Statement online.
Merseyside Pension Fund has published a draft version of its Report & Accounts for 2018/19 pending approval of the Financial Statements at the upcoming Audit & Risk Management Committee (ARMC) and the Independent Auditor’s opinion.
Deferred Members who are registered users of 'MyPension', can now view their 2019 Deferred Members' Annual Benefit Statement online.
If you are a Deferred member aged 55 or over, you can now complete a new webform to express your interest in drawing your deferred benefits (except on grounds of ill health, where you must contact your former employer).
When you complete the form, you will be expressing your interest in obtaining the value of your benefits rather than committing to put them into payment.
A change to the LGPS rules has been made which means that deferred members aged 55 and over who left the LGPS before 1 April 1998, no longer have to leave all local government employment to be able to draw their deferred benefits.
A change to the LGPS rules has been made to provide that survivor's benefits payable to a same-sex spouse or a registered civil partner are equal those paid to the widow of a male member.
In May, the Fund will post a P60 End of Tax Year Certificate to everyone who received a pension from us in the 2018/2019 tax year which ends on 5 April 2019.
Local government pensions will increase by 2.4% from 8 April 2019 in line with the government's method for increasing public sector pensions, namely the increase in the Consumer Prices Index in the 12 months to 30 September 2018.
Merseyside Pension Fund has won the Institute of Alternative Investments' “Best Use of Infrastructure” award.
The Fund has published its annual newsletter for LGPS pensioners, ‘The Honeypot’. This issue's leading article describes the 2.4% increase to local government pensions from April 2019.
A printed copy of this newsletter, will be posted to pensioners' home addresses shortly.
Download 'The Honeypot 2019' (Spring 2019, PDF, 4 pages, 264KB)
The Government has confirmed the employee pay bands and contribution rates which will operate in the LGPS in 2019/2020
Merseyside Pension Fund has confirmed that it has invested £400 million in a new All World Equity Climate Balanced Multi-Factor Index Sub-Fund.
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 8 January 2019 and will be applied to benefits taken voluntarily before Normal Pension Age.