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You are here: Home / Current Employees / Membership before 1 April 2014

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 2014LGPS 2008
Basis of pensionCareer Average Revalued Earnings (CARE)Final Salary
Accrual Rate1/491/60
Revaluation RateTreasury Revaluation Order (CPI)Based on Final Salary
Pensionable PayPay includes   non-contractual overtime additional hours worked Pay excludes    non-contractual overtime  non-pensionable additional hours
Contribution rates9 contribution bands7 contribution bands
Contribution Flexibility50/50 sectionNone
Normal Pension AgeEqual to member’s State Pension AgeAge 65
Earliest Voluntary Retirement AgeAge 55Age 60
Vesting Period2 years3 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 below.

Comparison of 1997 and 2008 SchemesDownload

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Pension Section
Civic Centre
Oystermouth Road
Swansea
SA1 3SN
01792 636655
pensions@swansea.gov.uk

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