Payment of deferred benefits

Your benefits are held in the LGPS until either:

We write to you when your deferred benefits are due for payment in full at your normal pension age

Under some pension arrangements you can draw down or withdraw cash from your pension however this does not apply to your LGPS pension. If your pension includes a lump sum, you must take it at the same time as your annual pension.

You must take the lump sum at the same time as your annual pension.

Member self service

Register or log in to member self service to use the projector to calculate taking your deferred benefits at different dates from age 55.

Taking your deferred benefits

You can choose to take your deferred benefits from age 55, but they will be reduced for early payment. You may be able to defer payment after your normal pension age, and your benefits will be increased for later payment, but they must be paid by age 75.

If your deferred benefit was awarded because you opted out of the scheme, you need to have left that post before payment of your deferred benefit can be made.

It is not possible to take some of your deferred benefit; all your deferred benefit is paid.

You can receive your deferred benefits at:

Process

Find out about the payment process for deferred members

Transferring out

You may be able to transfer your deferred benefit to another pension arrangement. Find out about transferring out your deferred benefit