Local Government Pension Scheme (LGPS)
Information about the Local Government Pension Scheme which was amended on 1 April 2008. It is for Haringey Council employees and ex-employees.
- What is the Local Government Pension Scheme?
- Life Cover and Survivor Benefits
- Qualifying conditions for a co-habiting partner’s survivors pension
- Policy statements and reports
- How to find out more
- Further changes to the annual and lifetime allowances (PDF, 553KB)
- Paying in before April 2014 (PDF, 203KB)
- Latest on Pension Reform (PDF, 113KB)
- Pensions Newsletter June 2014 (PDF, 1MB)
- Pensions Newsletter Spring 2014 (PDF, 835KB)
The Local Government Pension Scheme (LGPS) is a valuable part of the pay and reward package for employees working in local government or working for other employers participating in the scheme, and for some councillors.
Membership is normally automatic for most employees under age 75, employed on a contract for three months or more. Check your pay slip to see if you are paying in and if not, contact the Pensions Team to see if you can join.
What the LGPS offers
- The LGPS is a Final Salary Pension Scheme providing a secure pension, payable for life.
- Your employer pays whatever amount is necessary to ensure that your benefits are properly funded. On average this is 2/3rds of the cost.
Membership and cost
- Automatic membership for all employees contracted for three months or more. Opt out election allowed.
- Banded contributions based on whole-time rates of pay. Most people enjoy tax efficient savings and lower national insurance contributions while contributing to the LGPS. Read the online guide on the LGPS website for more information (see the external links section below).
- Pension build up based on 1/60th of pay for each year of membership after 1 April 2008. Pre 1 April 2008 membership continues to provide benefits of 1/80th pension and 3/80ths lump sum.
- Option to convert part of your pension to a tax-free cash lump sum payment on your retirement
- Normal retirement age 65.
- Ill-health retirement based on three tiers related to the member’s capability to undertake gainful employment before age 65.
- Minimum early retirement age is 55 for new employees from 1 April 2008, and for all employees by 30 March 2010 (see your Employer’s Discretionary Policy Statement for more details).
- Death in Service Lump Sum of three times pay.
- Death on pension guarantee of ten year’s pension payments.
- Death Grant for a deferred pensioner of five year’s pension payments.
- Survivor pensions for spouses, civil registration partners and nominated cohabiting partners.
- Active members will be able to buy extra pension in multiples of £250 up to a maximum of £5,000
- In-house Additional Voluntary Contributions (AVC) scheme
A survivor’s pension will only be paid to a co-habiting partner if the co-habiting partner satisfies Haringey Council that the required conditions have been met for a continuous period of at least 2 years immediately prior to the member’s death.
The required conditions are:
- both the member and their co-habiting partner were free to marry each other or to enter into a civil partnership with each other, and
- the member and their co-habiting partner have been living together as if they were husband and wife, or civil partners, and
- neither the member or their co-habiting partner have been living with someone else as if they were husband and wife or civil partners, and
- either the co-habiting partner is financially dependent on the member or they are financially interdependent on each other
Policy statements and reports can be found in the attached files section below.
Statements, Policies and Annual reports
|File name||File type||Size|
|Policy Statement on the Use of Discretionary Powers||126KB|
|Funding strategy statement||Word||169KB|
|Governance compliance statement||112KB|
|Statement of investment principles pensions 2010||173KB|
|Pension Fund Annual Report 2014||2MB|
|Pension Administration Strategy Statement||1MB|
|Pension Fund Valuation Report 2013||479KB|
- Main section election form (PDF, 99KB)
- 50/50 section election form (PDF, 126KB)
- Expression of Wish Form to nominate beneficiary of a Lump Sum Death Grant (Word, 593KB)
- Opt-in Form to join the LGPS (Word, 575KB)
- Nomination of Cohabiting Partner Form (PDF, 64KB)
For more information please contact the Pensions Team, or visit the LGPS online guide (see the external links section below).
Haringey Council staff can log on to the intranet and go to: HR > Pay/Pension and Benefits > Pensions.
- Tel: The Pensions Team on 020 8489 5916
- Email: Pensions.firstname.lastname@example.org
- Web: LGPS website (external link)