Peninsulapensions.org.uk

Paying you your pension

There may be a situation where a person, other than an eligible child, is incapable of managing their affairs because of mental incapacity. If the authority recognises this as an issue the … See more

Actived: 3 days ago

URL: https://www.peninsulapensions.org.uk/members/fire-service/retirement/paying-you-your-pension/

Early payment of deferred pension on grounds of ill-health

WEBEarly payment of deferred pension on grounds of ill-health. If you are a deferred member of this scheme and you become permanently medically unfit for any regular employment, …

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Your pension scheme

WEBYour pension will be worked out and added to your pension account every year you are in the scheme so the longer you are a member and the more you pay in, the more benefits …

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Ill-health certificates

WEBCurrent member For current members, you will need to download and complete the ill-health certificates IHCURR1 and IHCURR2. Please send the completed certificates to …

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Changing your pension to a lump sum (commutation)

WEBFor every £1 that the annual rate of pension is reduced by, you would receive £12 as part of the lump sum. For example, if you’re entitled to a retirement pension of £16,000 a year …

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When can I retire

WEBYou can retire after 65. You can stay in the scheme beyond 65 – in fact as late as 75 with your employer’s permission. If you choose to carry on working after age 65 you will …

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Opting out of the scheme

WEBThe LGPS is one of the best occupational pension schemes in the UK. Whatever your reasons for considering opting-out of the scheme, we ask that you give this matter …

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Increasing your pension benefits (topping up)

WEBIn most cases you can take 25% of the money in cash, tax-free. You’ll need to do this at the start and you need to take the rest as income. You must normally take your LGPS …

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Leaving the LGPS

WEBLeaver’s under age 55. When a member leaves their employment and has more than 3 months’ membership in total and is under age 55, they can choose between: a refund of …

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Working after retirement

WEBWorking after retirement. If you built up any pension in the LGPS before 1 April 2014, took payment of your pension and then returned to work in local government, or with an …

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Ill health retirement

WEBA guide for LGPS Employers. This guidance is designed to help you understand the Local Government Pension Scheme regulations surrounding ill-health and your …

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Adult survivor benefits

WEBThe member’s notional pension is, therefore, £19,494 per year (= £9,494 +£10,000). The civil partner is entitled to receive 50% of the member’s notional pension and will be paid …

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The Firefighters' Pension Scheme 2006

WEB12/60 x £30,000 = £6,000 a year. If, instead, a higher tier pension were awarded, the enhancement of service would be –. 2% x 12 x 10 = 2.4 years. and so, in addition to a …

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The Police Pension scheme 1987

WEBIntroduction Police pensions have a long history, dating back to 1829 when the Metropolitan Police Act introduced certain benefits on disablement for London …

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