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What happens to the benefits if I die in service?
A death grant lump sum of 3 times your final actual pay is paid to your Beneficiaries or to your Estate.
If there is a Surviving Partner or any Eligible Children, they may also receive Dependant’s pension benefits. Please see the ‘Death in Service’ section for more details.
No, you must be working for Local Government or an employer that uses the LGPS as their occupational pension in order to make pension contributions.
At retirement, you must decide if you want to reduce your annual pension to increase the tax free lump sum value.
You are only eligible for a refund if you no longer pay pension contributions and did so for 3 months or less.
You are not obliged to join so it is possible to opt out of the scheme.
You can pay either Additional Voluntary Contributions and/or Additional Regular Contributions to top up your pension benefits.
Yes, you are able to instigate pension transfers within the first 12 months of joining the Clwyd Pension Fund.
Your employer does contribute to your pension. The amount your employer pays depends on who your employer is.
Part-time and term-time members of the LGPS accrue membership in the pension scheme on a pro-rated basis according to the hours worked.
Membership in the Local Government Pension Scheme (LGPS) is automatic
Yes. The Clwyd Pension Fund sends you newsletters and annual benefit statements each year.
The reason for the absence from work determines how your pension contributions are affected.
For more details on when you can retire, please refer to the Retirement Options section of the website.
Updated on: 13-Jul-2010 12:18:05