When can I take my benefits?
The normal pension age for people that left the scheme after 31 March 2014 is their state pension age. The earliest you can take your pension, is age 55 but your benefits may be reduced if you take them before your state pension age.
You must take your benefits before your 75th birthday.
The 85 year rule
This rule was abolished on 1st October 2006 so only applies to members that joined the LGPS prior to that date. If you joined the LGPS before 1 October 2006, some or all of your benefits, if paid early, could be protected from reduction, if you satisfy the 85 year rule.
The 85 year rule is satisfied if:
- you joined the scheme prior to 31 October 2006
- you reach age 60 before 31 March 2020
- your benefits come into payment from age 60 and before age 65
- your age and membership equal 85 before 31 March 2020
Depending on when these events happen, your benefits may be fully or partially protected from reduction. If you would satisfy the 85 year rule at the point of retirement, we will include the effect of this in any pension estimate or award of benefits that we provide.
What if I am unable to continue work due to permanent ill health?
If you become unable to work due to permanent ill health, before your normal pension age, you may be able to receive early payment of your deferred benefits.
You can apply for payment of your deferred benefits at any age, without reduction, if you would be permanently incapable of the job you were working in when you left the LGPS, because of your health, and you are unlikely to be capable of gainful employment within 3 years of applying for the benefit, or before age 65 if sooner.
You will need to direct your application to your former employer or the Administering Authority, if your former employer no longer exists.