To help you understand your Local Government Pension Scheme (LGPS) pension we run online events throughout the year, including two during pension awareness week, and we also have a short information video.
On our page How pensions and the LGPS works, you will also find information on how both a defined benefit scheme (which is what GMPF is) and a defined contribution scheme work.
The Local Government Pension Scheme has lots of benefits:
The LGPS is a career average pension scheme. As soon as you begin paying in, you’ll start to build up a pension that we'll pay to you when you retire.
Visit our What benefits you build up page to learn more, including how it's calculated, how you can swap pension for lump sum at retirement, and how revaluation works.
You can learn more about your pension by booking on to one of our events which we run throughout the year, where you can also ask any questions you may have. These events include:
- Take control of your Local Government Pension.
- A presentation for contributing members focusing on how pensions work, the benefits the LGPS provides and how to pay extra into the scheme.
- Pre-retirement.
- A presentation for members currently contributing and thinking about retiring. This includes an overview of the retirement process.
- Topping up your pension - additional pension contributions (APCs) and additional voluntary contributions (AVCs).
- A presentation for contributing members covering the ways you can top up your pension and how to work out your maximum tax free cash.