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Coronavirus News and updates

GMPF Latests News

GMPF latest update 26 March 2020

The GMPF offices are closed to visitors until further notice, following the Government's advice about Coronavirus. The health and wellbeing of our stakeholders and staff is our priority. You can still contact us by using our online 'contact us' form. There may be a delay in our normal response times, but we still aim to meet these wherever possible. Thank you in advance for your patience.

If you have a GMPF pension, we want to reassure you that it is not affected by falls in global stock markets. Pensions are long term investments and markets will always go up and down. The Local Government Pension Scheme (LGPS) is a defined benefit pension arrangement. Although we invest your contributions, investment performance does not affect your pension. We work out your pension using a set calculation which reflects how long you have been a contributing member of the scheme and your salary history.

If you pay Additional Voluntary Contributions (AVCs), then the value of your individual AVC fund will be linked to its investment performance, which will vary depending on the investment choices you have made. However, as already mentioned pensions are long term investments. If your fund has recently fallen in value, by continuing to pay AVCs, you are likely to benefit when the current downturn comes to an end and markets recover. But, if you have any questions about this or your AVC investment choices, then please contact your AVC provider.

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