If you delay payment of your deferred benefits after your normal pension age, they may be increased for late payment. Your normal pension age depends on when you stopped paying into the scheme.
We use factors to calculate the increase on your pension. The Government Actuary’s Department (GAD) set the late retirement increase factors. These can change from time to time.
Stopped paying into the scheme after 31 March 2014
If you stopped paying into the scheme after 31 March 2014, your normal pension age is linked to your State Pension age (SPa), but is at least age 65. Find out your SPa on the GOV.UK website
You may have 2 NPAs to calculate increases:
- For pension built up from 1 April 2014, your NPA is your SPa
- For pension built up before 1 April 2014, your NPA is age 65.
All benefits built up must be taken at the same time.
Stopped paying into the scheme before 1 April 2014
If you stopped paying into the scheme before 1 April 2014, your normal pension age is 65.
If you stopped paying in between 1 April 1998 and 31 March 2008, your normal pension age may be earlier than age 65. However, the increased rate is only paid from age 65 or your SPa.
If you stopped paying in before 1 April 1998, you are unable to delay payment of your deferred benefit after your normal pension age. Your normal pension age is between age 60 and 65. We will write to you when your deferred benefit is due.
Pre retirement course
We offer a free pre retirement course for those who have contributed to to the LGPS and are within 18 months of taking their pension. Find out about the pre retirement course