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Frequently Asked Questions

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  • What is the pension increase for 2016?

    There will be no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%.

    LGPS pensions will not go down from April 2016 despite the UK being in deflation.

    The previous six pension increases were: Apr-15 1.2%; Apr-14 2.7%; Apr-13 2.2%; Apr-12 5.2%; Apr-11 3.1%; and Apr-10 0%.

  • How does Freedom and Choice in pensions affect LGPS members?

    Reforms offering greater flexibility, 'Freedom and Choice', in the way that individuals aged 55 and over can access their defined contribution (DC) pensions become effective on 6 April 2015.

    As the Local Government Pension Scheme (LGPS) is a public sector defined benefit (DB) scheme, 'Freedom and Choice' does not apply to it.

    However, before retiring, members do have the right to transfer their pension rights out of the LGPS to a DC arrangement offering 'flexible benefits'.

    As a transfer out of the LGPS is a major financial decision requiring careful consideration and can only be done after taking advice, we suggest that any members contemplating this course of action first read our Freedom and Choice Q & A for LGPS members.

  • When can I retire?

    From state pension age (min 65) you can retire and receive your benefits with no reductions. From age 60 you can choose to retire, but this may reduce your benefits if you do not have protection under The Rule of 85. If you are interested in flexible or early retirement before 60, you will need to obtain your employer's permission.