The new Local Government Pension Scheme (LGPS) 2014 was introduced on 1 April 2014. If you were an active member of the 2008 Scheme as at 31 March 2014, you will have transferred automatically to the LGPS 2014 on 1 April 2014.
The pension benefits you built up under the final salary arrangement up to 31 March 2014, are protected under the 2008 regulations. These benefits will continue to be calculated using your full time equivalent pensionable pay when you retire (under the 2008 definition of pensionable pay).
You will also have further protection, if:
- you were paying into the Scheme on 31 March 2012
- you were within 10 years of your Normal Pension Age on 1 April 2012
- you had no disqualifying break in service of 5 years or more
- you’ve not taken any benefits from the LGPS before Normal Pension Age and you leave with an immediate entitlement to benefits
You will get a pension at least equal to the pension you would have received, had the scheme not changed on 1 April 2014 – the pensions’ team will run a calculation when you retire to ensure you will get the ‘best deal’.
Find out how your benefits were built up before April 2008
Find out how your benefits were built up between 01 April 2008 to 01 April 2014
You can compare the differences between the two schemes on this Comparison Chart (233kb PDF)