Former Members
If you are no longer contributing to the LGPS and you have more than three months membership you are entitled to a Deferred Benefit. Deferred benefits are retained in the LGPS until your retirement date.
Pension Panel Election Results
In our Spring 2009 edition of the Quill we invited our members to nominate themselves for a position on the Berkshire Pension Fund Advisory Panel. There were two vacancies for panel representation - one active and one retired or deferred Scheme member. Votes have now been cast and we are pleased to confirm the elected members below:
Active Member Representative: Mr Graeme Herd
Retired/Deferred Member Representative: Mr David Nicholson
Thank you to all members who voted and further information on the new panel representatives will be available in our Spring 2010 edition of the Quill and Scribe newsletters which will be issued in April.
News Release from the Berkshire Pension Fund - 15 December 2009
The Royal County of Berkshire Pension Fund, has entered into an innovative longevity hedging insurance contract with Swiss Re. Click here to view the news release...
The Royal County of Berkshire Pension Fund is moving
With effect from Monday 21st December 2009 our new address will be:
Royal County of Berkshire Pension Fund
Minster Court
22-30 York Road
Maidenhead
Berkshire
SL6 1SF
Telephone 0845 602 7237
Fax: 01628 796 700
E-mail: info@berkshirepensions.org.uk
Website: www.berkshirepensions.org.uk
Annual Report and Accounts 2008/2009
This document contains full details of the Berkshire Pension Fund accounts as at 31 March 2009 and the annual report for 2008/2009 financial year. Click here to download full details.
The Quill Newsletter - October 2009
The latest edition of the Quill newsletter for deferred has been published - click here to download a copy.
State Pension Age Calculator
Click here to access the online calculator produced by The Pensions Advisory Service (TPAS) and calculate the date you will be entitled to claim your State Pension.
Frequently Asked Questions
Please find listed below a number of frequently asked questions concerning deferred benefits.
Can I transfer my benefits elsewhere?
If you leave the scheme at least one year before age 65 and you are entitled to deferred benefits you may transfer the cash equivalent of your pension benefits into a new employer's scheme, if they are willing and able to accept it, into a personal or stakeholder pension scheme or into a buy-out insurance policy. The method of valuing the cash equivalent of your pension rights complies with the requirements of the Pension Schemes Act 1993 and any value quoted is guaranteed for three months. You should always seek independent financial advice before deciding to transfer your benefits out of the LGPS.
Alternatively, if you return to employment with an employer participating in the LGPS, then you may elect for the pension rights that you have built up to be added to your new period of membership in the scheme. Such an election must be made within twelve months of re-joining the scheme or such longer period as your employer allows.
- Will I receive an annual benefit statement?
- When are my benefits payable?
- How do I claim my benefits at retirement age?
- Can I claim my benefits before age 60?
- Can I claim my deferred pension early due to ill-health?
- Will my deferred benefits increase in value?
- What happens if I die before retirement age?
- Can I transfer my benefits elsewhere?
