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Late Retirement
If you continue to work after age 65, you can carry on paying pension contributions and accrue further LGPS membership.
When you retire, your benefits will be actuarially increased to take into account the fact that you will be receiving the benefits for a shorter period of time.
All benefits must be paid on or before your 75th birthday.
Information in this area
If you have at least 3 months total membership or have brought a transfer value into the LGPS, you can leave employment voluntarily and receive your pension benefits at any time from age 60 onwards.
If you are asked to retire or agree to retire on the grounds of efficiency or redundancy, you will be entitled to receive immediate payment of unreduced benefits providing that you:
If you are age 55 or over it is possible to continue in employment and receive the pension benefits that you have already accrued.
If you have at least 3 months membership or have transferred previous pension rights into the scheme, you may be eligible to receive your unreduced benefits early on the grounds of ill-health, regardless of your age.
If you retire on your 65th birthday, your LGPS pension will automatically be paid to you. There
After age 55, your pension will be increased each year in line with the Retail Prices Index.
The Rule of 85 had to be removed from the pension regulations as it broke age discrimination laws.
Updated on: 15-Jun-2010 10:01:20
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