If you are on strike, your LGPS pension will be affected. Your LGPS pension is based on your pay, and your pay will reduce if you are on strike. You can pay extra contributions to buy back the pension you ‘lose’.
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 can choose to draw their benefits at any time between the ages of 55 and 75.