{"id":233,"date":"2018-07-12T08:43:13","date_gmt":"2018-07-12T08:43:13","guid":{"rendered":"http:\/\/pensions.cardiffcouncilwebteam.co.uk\/?page_id=233"},"modified":"2019-01-31T13:08:44","modified_gmt":"2019-01-31T13:08:44","slug":"members-as-at-31-03-2014","status":"publish","type":"page","link":"https:\/\/www.cardiffandvalepensionfund.org.uk\/members\/members-as-at-31-03-2014\/","title":{"rendered":"Members as at 31\/03\/2014"},"content":{"rendered":"
[vc_row][vc_column width=”1\/1″][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column][\/vc_row][vc_row top_padding=”45″ row_id=”ulcontent”][vc_column width=”2\/3″][vc_column_text]The new\u00a0Local Government Pension Scheme (LGPS) 2014<\/strong> <\/i><\/a> was introduced on\u00a01 April 2014<\/strong>. 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.<\/p>\n The pension benefits you built up under the final salary arrangement up to 31 March 2014, are protected under the 2008 regulations.\u00a0These benefits will continue to be calculated using your full time equivalent pensionable pay when you retire (under the 2008 definition of pensionable pay).<\/p>\n You will also have further protection, if:<\/p>\n 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’.<\/p>\n Find out how your benefits were built up before April 2008 <\/i><\/a><\/p>\n Find out how your benefits were built up between 01 April 2008 to 01 April 2014 <\/i><\/a><\/p>\n You can compare the differences between the two schemes on this Comparison Chart (233kb PDF) <\/i><\/a>[\/vc_column_text][\/vc_column][vc_column el_class=”siderow” animation=”fade-in-from-right” width=”1\/3″][vc_column_text el_class=”boxblue”]<\/p>\n Visit the LGPS website for more details about your pension.<\/p>\n Use online tools to help you calculate your pension contributions or work out approximately how much your pension will be at retirement.<\/p>\nFurther Protection<\/h3>\n
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Local Government Pension Scheme<\/h3>\n