What are the Benefits of Joining?
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 final-salary, defined benefit pension scheme, the LGPS is considered to be one of the best pension schemes in the country.
A Summary of the Benefits
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A retirement pension payable for life based on your length of membership and your final pay
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A retirement pension that increases each year in line with the Consumer Prices Index (CPI)
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A tax-free lump sum equal to three times your pension for all membership up to 31 March 2008
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An option for additonal tax-free cash by converting part of your pension built up since 1 April 2008
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A death grant equal to three times your annual pensionable pay in the event of your death in service
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A pension payable to your husband, wife, nominated cohabiting partner or civil partner in the event of your death
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Pensions payable to your eligible children
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A pension payable immediately if you retire due to permanent ill health
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Your employer contributes towards the cost of your pension
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You receive tax relief on your contributions - you pay less tax
For further details see Main Scheme Benefits.
