Benefits of being a member

Members of the Local Government Pension Scheme (LGPS) receive an excellent range of benefits. The scheme is set out in regulations and is very secure.

As a career average revalued earnings (CARE), defined benefit pension scheme, the LGPS is considered to be one of the best pension schemes in the country.

Summary of the benefits

  • A retirement pension payable for life.
     
  • A retirement pension that increases each year in line with the consumer price index (CPI).
     
  • A tax-free lump sum equal to three times your pension for all membership up to 31 March 2008.
     
  • An option to purchase additional tax-free cash by converting part of your annual pension.
     
  • An option to purchase additional annual pension.
     
  • A death grant equal to three times your annual pensionable pay in the event of your death in service.
     
  • A pension payable to your husband, wife, cohabiting partner or civil partner in the event of your death.
     
  • Pensions payable to your eligible children.
     
  • A pension payable immediately if you retire due to permanent ill health.
     
  • Your employer contributes towards the cost of your pension.
     
  • You receive tax relief on your contributions – you pay less tax.

Further information

Please see the guide to the scheme. Both the full and brief versions are available to download and print:

Please note the contact details for the Pension Advisory Services are:

Money and Pensions Service, 120 Holborn, London. EC1N 2TD

Tel: 0800 0113797