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Qualifying for ill health benefits :: LGPS Scotland

WEBQualifying for ill health benefits. You must have met the two year vesting period in the LGPS to qualify for ill health benefits. Your employer must be satisfied that you are …

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URL: https://www.scotlgpsmember.org/your-pension/planning/ill-health-retirement/qualifying-for-ill-health-benefits/

Assumed Pensionable Pay :: LGPS Scotland

WEBAssumed Pensionable Pay is used to work out the increase to your pension when you are awarded ill health benefits. Assumed Pensionable Pay is the average pay you receive in …

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Overview :: LGPS Scotland

WEBOverview. If you have to leave work because of illness, your LGPS benefits may be paid straight away. Ill health benefits can be paid at any age. Your pension would not be …

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Ill health retirement – special cases :: LGPS Scotland

WEBIll health retirement – special cases. In some cases, your ill health pension will be worked out differently. You can find out more about the differences in this section.

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Your contributions :: LGPS Scotland

WEBThe table below shows the pay bands and contribution rates that apply from April 2024. If your actual pensionable pay is: You pay a contribution rate of: On earnings up to an …

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Taking your deferred pension :: LGPS Scotland

WEBIf you left the LGPS on or after 1 April 1998. Your deferred benefits are payable in full from your Normal Pension Age in the LGPS. You do not have to take your deferred benefits …

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Taking your pension :: LGPS Scotland

WEBOverview. You can take your LGPS pension at any time from age 55 to 75, as long as you have met the two-year vesting period. You must take your pension by age 75. If your …

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Home :: LGPS Scotland

WEBFind out how the scheme is run and what to expect from your pension fund and employer. About the LGPS. 22 Feb 2024. Pensions increase 2024. 06 Sep 2023. Check your …

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Planning :: LGPS Scotland

WEBThe choices you make when you take your pension will affect your income in later life. Find out about when you can take your pension, swapping pension for lump sum and what …

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Ill health tiers :: LGPS Scotland

WEBYou qualify for Tier 2 if you are likely to be able to undertake gainful employment before your Normal Pension Age. The ill health benefits you would receive are: plus 25% of the …

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Ill health retirement and paying extra :: LGPS Scotland

WEBBuying extra years in the LGPS (added years) If you are paying for extra years when you take an ill health pension, you will normally be credited with the whole extra period of …

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Paying less :: LGPS Scotland

WEBYour contributions are based on how much of your pay falls into each tier. Your actual pensionable pay. Main section contribution rate. 50/50 section contribution rate. On …

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Taking your pension and paying extra :: LGPS Scotland

WEBThis will increase the value of your LGPS pension. If you choose to take your pension before age 65, or you are retired on the grounds of redundancy or business efficiency …

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Facts and figures :: LGPS Scotland

WEBThe figures. Across Scotland the LGPS currently has 637,044 members: 256,457 people are currently paying into the LGPS. 215,539 people are being paid a pension from the …

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What to expect from your pension fund and employer

WEBWhen you first join the LGPS, and when a decision is made about your pension, your employer or your pension fund must contact you. Your employer and pension fund can …

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Contributions calculator :: LGPS Scotland

WEBWhen you join the LGPS you pay a percentage of your pay towards the cost of your pension. Your employer decides the percentage based on how much you earn. If you …

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