Transferring your Benefits

If you leave the Scheme more than one year before age 65, you may transfer the value of your accrued pension rights to another occupational pension scheme (outside of Local Government), into a personal pension plan or stakeholder pension scheme or into a buy-out insurance policy.

Transfer values are calculated in accordance with the terms and conditions of the Local Government Pension Scheme Regulations 1997 (as amended) which comply with requirements of the Pensions Schemes Act 1993.  Any cash equivalent value quoted must be guaranteed for 3 months from the date on which it was calculated and a written option to proceed with the guaranteed transfer value must be received within the three month guaranteed period.