Late retirement

Retirement at age 75

Whilst you remain in local government employment you can continue to contribute to the Local Government Pension Scheme (LGPS) right up until 2 days before your 75th birthday. Benefits that become payable after your normal retirement age (NPA) are subject to an increase to reflect the fact that they are being paid after your NPA.

From 1 April 2014 your NPA will be linked to your state pension age (SPA) but with a minimum of age 65.

All LGPS benefits must be paid by your 75th birthday.

If you have been paying additional voluntary contributions (AVCs) you need to arrange for these to be brought into payment before the age of 75.

Retirement between your NPA and age 75

If you choose to continue working beyond your NPA your benefits must be paid before your 75th birthday. Because you are taking your benefits after your NPA, your benefits will be increased to reflect their 'late' payment in accordance with guidance issued by the government actuary.

Benefits paid after your NPA will be paid without reduction regardless of the number of years' that you have and you are free to leave your job at any time and receive your benefits immediately.

If you retire beyond your NPA the following increases will apply:

  • 0.010% is applied to your pension and 0.001% is applied to any lump sum payment for each day worked beyond your NPA.