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.