Membership before 1 April 2014

Changes to the Local Government Pension Scheme (LGPS) for employees in England and Wales were introduced from 1 April 2014.

If you were already paying into the LGPS on 31 March 2014, you were automatically transferred to the new Scheme on 1 April 2014.

The main differences between the 2014 and 2008 Schemes are listed below.

LGPS   2014 LGPS   2008
Basis   of pension Career   Average Revalued Earnings (CARE) Final   Salary
Accrual   Rate 1/49th 1/60th
Revaluation   Rate Treasury   Revaluation Order (CPI) Based   on Final Salary
Pensionable   Pay Pay   includes

  •   non-contractual overtime
  •   additional hours worked
Pay   excludes

  •   non-contractual overtime
  •   non-pensionable additional hours
Contribution   rates 9   contribution bands 7 contribution   bands
Contribution   Flexibility 50/50   section None
Normal   Pension Age Equal   to member’s State Pension Age Age 65
Earliest   Voluntary Retirement Age Age 55 Age 60
Vesting   Period 2   years 3   months

 

The Scheme also changed in 2008.  If you were in the LGPS on 31 March 2008, you were automatically transferred to the new Scheme on 1 April 2008.  To view a comparison of the 1997 and 2008 Schemes please click here.