IMPORTANT: this story has been superceded by the News story of 1 June and the new information is in bold below

Regulations were laid in the Scottish parliament on 2 May that will make a number of changes to the LGPS on 1 June 2018.

The changes include:

  • Allowing employee members of the LGPS to retire from 55 without needing to have permission from their employer
  • Allowing deferred members who were in pensionable employment after 31 March 2015 (this is now 31 May 2018) to access their deferred benefits from 55

However, if a member accesses their benefits:

  • before 60 or
  • after 60, but before normal pension age or being protected by the rule of 85

their benefits are reduced for being paid for longer.

If you want further information about the changes, visit http://www.legislation.gov.uk/ssi/2018/141/contents/made