Can I opt out of the LGPS?

Can I opt out of the LGPS?

Any contributing member of the Scheme can opt out at any time. We would strongly recommend that you seek independent financial advice if you are thinking of opting out.

Please remember that some alternative pension schemes may not provide the same level of benefit.

To opt out you will need to complete an opt out form. You should either return this form to your payroll section or if directed on the form, to Pension Services.

Your option normally takes effect from the payment period after the option is received. For monthly paid members this will be the beginning of the following month. It is not possible to backdate this option, unless you opt out within three months of joining.

If you are thinking of opting out due to financial reasons, you may wish to consider joining the 50/50 Section of the scheme.