Leaving After Retirement Age
When can I draw my benefits?
If you have membership following 1st April 2014, yYou can voluntarily retire and draw your pension benefits at any age on or after age 55 and before age 75, provided you have met the vesting period in the scheme. However, your benefits are only payable in full if you voluntarily retire and draw your benefits from your Normal Pension Age.
For benefits built up from April 2014, your Normal Pension Age is linked to your State Pension Age (but with a minimum of age 65).
If you choose to take your pension before your Normal Pension Age it will normally be reduced, as it's being paid earlier and over a longer period of time. How much your benefits are reduced by depends on how early you draw them; use the find out more button on the left hand side of this page called "Retiring before NPA" for a guide to the reductions that could be applied.
If you draw your pension benefits after your Normal Pension Age your pension will be increased by 0.010% for each day payment of your pension is delayed beyond your Normal Pension Age, which accumulates to 3.65% every year.
Please note that if you were in the LGPS before 1 April 2014 your benefits built up before that date will have a different Normal Pension Age, which for most is age 65.
If your employment ends before, on or after your Normal Pension Age you can defer drawing your benefits if you wish, but any pension benefits must be drawn before age 75.
Redundancy / Efficiency / Ill Health
If you are obliged to retire because of redundancy, business efficiency or permanent ill health, your LGPS benefits can, provided you have met the 2 years vesting period in the scheme, provide you with an immediate retirement pension.
Please note, ill health retirement is covered in the separate ill health retirement section, this can be found by clicking:
Active Members > Health and Life Cover > Ill Health Retirement