What will my retirement benefits be?

11:48, 29 Jun 2009

The benefits you will receive will depend on the date you commenced paying into the Local Government Pension Scheme (LGPS).

If you commenced before 1st April 2008 you will receive:

• a pension
• a tax free lump sum.

If you commenced after 31st March 2008 there is no automatic lump sum. You wil receive:

• a pension
• the option to convert part of your pension for a tax free lump sum.

Regardless of your date of commencement in the LGPS, you will also receive the basic flat rate state pension, at state pension age, if you have paid sufficient National Insurance contributions during your working life.

More details regarding your state pension can be found at The Pension Service website: www.thepensionservice.gov.uk, which is part of the Department for Work & Pensions.

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