Deferred annnual benefit statements

Deferred annual benefit statements are normally issued in June each year. If you hold a deferred benefit that was awarded before 31 March, it can be viewed online in the my pension area of our website.

If you left the Local Government Pension Scheme after 1 April, in any year you will not receive your first statement until the following year.

Please remember: from 2020, as part of our move to more digital communication it is our intention to stop posting out paper statements. They will only be available to view online unless you make a request in writing to continue to receive paper communications.

Frequently asked questions

Answer:

Once a year in the summer, usually in June.

Answer:

You now have increased flexibility on when you can retire and take your pension benefits. You can choose to retire and draw your pension benefits at any time between age 55 and 75. Further information is on the deferred pension page.

Answer:

Reductions aren't included in the current value of your benefits. If you take your pension benefits before your normal pension age, your pension and any lump-sum is usually reduced. Further information is on the LGPS website.

Answer:

The LGPS is a defined benefit scheme and not a defined contribution scheme. It does not allow members to access their pension benefits flexibly. Therefore, you are unable to cash-in or draw-down multiple lump-sums from your pension.

Answer:

Every year your pension is reviewed in line with the customer prices index (CPI). This is a measure of inflation over the 12-month period to 30 September. Your statement will show the relevant CPI adjustment applied.

Answer:

Yes. The LGPS allows you to express your wish as to who you would like any death grant paid to. You can print off the form at the bottom of the death grant and nomination page and send it to us.

Answer:

When you draw your pension benefits you will have the option to exchange some of your pension for lump-sum. The maximum amount of pension you can exchange for lump-sum is 25% of the capital value of your pension benefits. For every £1 of pension that you give up, you will receive an additional £12 lump-sum.

Answer:

Yes, any added years that you have purchased are included within your current value on your statement.

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