Pension credit members
If you have been awarded a pension share on divorce or dissolution of a civil partnership then you have your own LGPS benefits, known as pension credit benefits.
Your pension credit benefits provide an annual pension for the rest of your life from age 65 or your Normal Pension Age (or later if the order was issued after then). You can elect to draw your pension credit benefits on or after age 55 with a reduction for early payment. The rules relating to your payment date, can be complex - to read further information, please visit Pension Credit Member Information on the LGPS Members website. At the same time you will receive a tax-free lump sum ( three times your pension) as long as your ex-spouse or ex-civil partner had not already retired and received a lump sum when the order was issued. You also have valuable life cover.
The benefits are held in your ex-spouse/ex-civil partner's pension fund where they increase in value every year in line with the cost of living, until payment. Your pension will continue to receive cost of living increases every year, as it is paid to you.
We will provide you with the details of the value of your pension credit benefits, at the point of divorce/dissolution. We will also provide you with an online annual statement of your benefits, so you can see how their value increases every year.
Our booklet Pensions and Divorce or Dissolution of a Civil Partnership[pdf - 209kb]gives more information on this matter or you can visit LGPS Member's Website.
Changing Address?
Contact us with details of any changes to your address so we stay in touch with you and arrange to pay your benefits when they become due.
