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Overview - Councillors In England and Wales
If you're paying into the LGPS, you're already a member.
You can look forward to your retirement with the LGPS which gives you:
A secure pension –
the benefits you get when you retire are based on your membership in the scheme and on your career average pay. After you retire, your pension keeps pace with cost of living increases.
Tax-free cash–
you receive a tax-free lump sum on retirement and also have the option to exchange part of your pension for some extra tax-free cash.
Peace of mind –
your family enjoys financial security, with immediate life cover and a pension for your husband, wife, civil partner and children, in the event of your death and, if you ever become seriously ill, you could receive immediate ill-health benefits.
Early retirement –
you can choose to retire from age 60 and receive your benefits immediately, although they may be reduced for early payment. It’s also possible to retire from age 50 and receive your benefits immediately, provided you have your council's consent.
Options to pay extra –
boost your retirement benefits by paying more contributions. You get tax relief on these, too.