Calculate your Benefits

The online benefits calculator is designed for members of the Local Government Pension Scheme (LGPS) - except councillor members whose benefits are based on career average pay.

It estimates the retirement pension and lump sum due at the point when benefits can be paid in full without reduction, known as normal retirement age.

The scheme normal retirement age is age 65 for men and women although benefits may be paid at age 60 without reduction in some cases. Benefits are only paid at age 60 without reduction if you have service that qualifies you for unreduced benefits at age 60.

The calculator uses membership up to 31 March 2008 and after 1 April 2008. It calculates your full pension and lump sum and your reduced pension should you decide to take a larger lump sum.

For example; if you are a full timer and joined the scheme on 1 January 2001, and want an estimate if you leave the scheme on 31 December 2010, you input the service as follows:

  • Membership Up to 31/03/2008 = 7 Years 090 Days
  • Membership After 01/04/2008 = 2 Years 275 Days

Your benefits are based on your final pensionable pay and your pension scheme membership.

Salary:
If you are part-time, you will need to enter the annual salary that you would receive if you were whole-time. For example, if you work part-time 18.50 hours and the whole-time equivalent for your job is 37.00 hours, and you earn £10,000 per year, you will need to enter the whole-time salary of £20,000. (£10000.00 x 37.00/18.50)
Membership:
Up to 31/03/2008
After 01/04/2008:

* If you are part-time, you will need to enter the service at part-time length. For example, if you work half time, 20 calendar years will count as 10 years service in the pension scheme.

Your benefits
The standard package of benefits is:
The maximum lump sum package is:

The online benefits calculator estimates the retirement pension and lump sum due at age 65 which is the normal retirement age for taking unreduced benefits in the LGPS. However, if you choose to take your benefits before then, your pension benefits may be reduced.
Any reductions depend on when you joined the scheme, how old you are and how much membership you have.

Present reduction factors where benefits are paid up to five years early.
Years paid early Pension reduction percentage males Percentage reduction percentage females Lump sum reduction percentage all members
1 6 5 2
2 11 10 5
3 16 15 7
4 20 19 9
5 24 23 12

The online benefits calculator does not take account of benefits being taken before normal retirement age, e.g. no reduction is applied in the calculation.

Disclaimer

The figures quoted are based on the input data and are believed to be accurate but they are only estimates.

Pension benefits are complex and are subject to check and confirmation on final retirement. We disclaim any liability for damages arising from any decision taken based on the figures quoted.

If you need help using the benefits calculator form please contact us.

Assumptions:

  • The calculations assumes retirement benefits at normal retirement age, i.e. without reduction.

  • The calculation does not include any additional contracts you may be paying into (AVC’s, added years or ARC’s).

  • The calculation of the maximum conversion benefits is based on the conversion rate of £12 lump sum for every £1 of pension given up (a ratio of 12:1).

  • Although only the standard & maximum conversion benefits are displayed, you have the option to convert any amount of pension between the standard benefits payable and the maximum conversion benefits at the rate of 12:1 (£12 lump sum for every £1 of pension given up).

If you would like more information about your benefits or the point when you qualify for unreduced benefits, please contact us.

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