- Councillor Member Information
Councillor Member Information
The LGPS is available to all Councillors and elected mayors of a Welsh County Council or County Borough Council who are offered membership of the Scheme under the Council's scheme of allowances and who are under age 75.
Those who are offered membership are termed Eligible Councillors. If you have been offered membership of the scheme it will be for you to decide whether or not to opt to join the scheme. If you make an election to do so you will become a member of the LGPS from the beginning of the first pay period following the receipt of your option.
Active Councillor's Annual Benefit Guidance Notes
Deferred Councillor's Annual Benefit Guidance Notes
Councillors Guide 2020
How do I join?
To join, please complete this form.
You currently pay 6% of your allowances as a councillor into the LGPS, and if you pay tax you will get tax relief on your contributions at the time they are deducted from your allowances. Your council pays the rest of the cost of providing your LGPS benefits, which costs the council about double the amount you pay.
What are the benefits
Your pension is based on your total membership and your career average pay. The example below shows how your pension is calculated by dividing your career average pay into 80ths and multiplying this figure by your total membership to give you your annual pension.
The lump sum automatically paid on retirement is three times your annual pension and is tax-free. Like your pension, it is based on your career average pay and your total membership. The calculation for the lump sum is 3/80ths of your career average pay for every year of total membership. When you draw your benefits you will be able to exchange some of your pension to receive a bigger tax-free lump sum.
When can I retire?
As a member of the pension scheme, you will have access to a pension at retirement which will be paid to you for life and which will increase in value in line with the Consumer Price Index.
If you have at least three months total membership you can retire from office and receive payment of your benefits at any time from age 60 onwards. If you are aged 50 to 59 you may be able to retire from office and receive payment of your benefits immediately but payment of benefits before age 60 is only possible with your council's consent, and may result in an additional tax charge on your benefits. This is a council discretion and under the LGPS your council's policy with regard to this must be included within their Policy Statement.
If you carry on in office after age 65 you will continue to pay into the scheme, building up further benefits. You can receive your pension when you retire, or when you reach the eve of your 75th birthday, whichever occurs first. If you draw your pension after age 65 the pension you have built up to age 65 will be increased to reflect the fact that it will be paid for a shorter time.
Your pension has to be paid before your 75th birthday.