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Frequently Asked Questions

View ALL Faq's

    What was the pension increase for 2022?

  • The pensions increase for 2022 is 3.1%

    The pensions increase for 2021 is 0.5%

    The pensions increase for 2020 is 1.7%

    The pension increase for 2019 was 2.4%.

    The pensions increase for 2018 was 3.0%.

    The pension increase for 2017 was 1%.

    There was no increase to pensions in April 2016, as the Consumer Prices Index for the 12 months to September 2015 fell by 0.1%. LGPS pensions did not go down from April 2016 despite the UK being in deflation.

    The previous six pension increases were: Apr-15 1.2%; Apr-14 2.7%; Apr-13 2.2%; Apr-12 5.2%; Apr-11 3.1%; and Apr-10 0%.

  • How does Freedom and Choice in pensions affect LGPS members?

  • Reforms offering greater flexibility, 'Freedom and Choice', in the way that individuals aged 55 and over can access their defined contribution (DC) pensions became effective on 6 April 2015.

    As the Local Government Pension Scheme (LGPS) is a public sector defined benefit (DB) scheme, 'Freedom and Choice' does not apply to it.

    However, before retiring, members do have the right to transfer their pension rights out of the LGPS to a DC arrangement offering 'flexible benefits'.

    As a transfer out of the LGPS is a major financial decision requiring careful consideration and can only be done after taking advice, we suggest that any members contemplating this course of action first read our Freedom and Choice Q & A for LGPS members.

  • When can I retire?

  • From state pension age (You can check your SPA here) you can fully retire and receive your benefits with no reductions. From age 55 you can choose to fully retire, but this will reduce your benefits if you are not 60 and may reduce your benefits if you are 60 and you do not have protection under The Rule of 85.

    If you are interested in flexible retirement, you will need to obtain your employer's permission.

  • What were the April 2016 changes to state pension, contracting out and NI?