If you choose to carry on working after your normal pension age, you can continue to pay into the LGPS. You build up further benefits.
Your pension must be paid by your 75th birthday. You can carry on working after age 75 but you can no longer pay into the LGPS. Before age 75 you must leave your job to take your pension.
Your normal pension age is your State Pension age (SPa), but is at least age 65. Find out what your SPa is at GOV.UK
If you take your pension after your normal pension age, your benefits are paid at an increased rate.
You may have 2 NPAs. It depends when you joined the LGPS and built up pension:
- For pension built up from 1 April 2014, your NPA is your SPa
- For pension built up before 1 April 2014, your NPA is age 65.
All benefits built up must be taken at the same time.
We use factors to calculate the increase on your pension. The Government Actuary’s Department (GAD) set the late retirement increase factors. These can change from time to time.
Example
You joined the LGPS on 1 April 2010. You leave and take your pension at age 67. Your SPa is age 67.
Your pension built up between 1 April 2010 and 31 March 2014 will be increased. You are taking your pension 2 years after the NPA of age 65.
Your pension built up from 1 April 2014 will not be increased. You are taking your pension at the NPA of your SPa which is age 67.
Retirement process
Find out about the retirement process
Converting pension to lump sum
It is possible to convert some of your annual pension to provide an extra tax-free lump sum. Find out about converting some of your pension to a lump sum
Pre retirement course
We offer a free pre retirement course for those who have contributed to to the LGPS and are within 10 years of taking their pension. Find out about the pre retirement course