McCloud Webinars
Your pension and the public service pension remedy – Webinar
Summary
This webinar is designed to provide Local Government Pension Scheme (LGPS) members with an overview of the age discrimination remedy, commonly known as the McCloud remedy.
The webinars are delivered by Affinity Connect, a financial wellbeing and retirement specialist in the public sector, part of the Wealth at Work group.
For information about the Local Government Pension Scheme (LGPS) visit the ‘About the LGPS’ page.
Aimed at
Active members (currently paying into the LGPS) and deferred members (who are no longer paying into the LGPS) who are affected by the age discrimination ruling.
It’s likely that you’re protected by the remedy if:
- you joined the LGPS or another public service pension scheme before 1 April 2012, and
- you had pensionable service between 1 April 2014 and 31 March 2022 (the remedy period), and
- you were under age 65 for part or the whole of the remedy period, and
- you have not had a disqualifying gap – a gap of more than five years that ended after
31 March 2012 when you were not paying into the LGPS or any other public service
pension scheme.
Learning Objectives
Raise awareness of the key issues around the public sector age discrimination remedy.
Explain terminology relating to the changes.
Understand when the key changes are taking place and how you’ll be kept informed.
Webinar Structure
The Local Government Pension Scheme (LGPS)
The basics of defined benefit pension schemes
Final salary & career average definitions
The LGPS – accrual rates and dates
The 50:50 section
Retirement options and ages
Options for active members to increase their pension
Additional Pension Contributions (APCs)
Additional Voluntary Contributions (AVCs)
Limits on tax efficiency
The original underpin and age discrimination
How the original underpin worked
Who qualified for it
Background of the age discrimination case
The McCloud Remedy
Changes to the underpin
Who qualifies for the new underpin
How you’ll be affected
What happens next
Don’t miss out, spaces are limited!
We hope you take advantage of this opportunity. Should you have any queries regarding your booking please contact Affinity Connect by either calling 0800 019 6076 or by emailing [email protected].
Please note the course will provide information only and will not include or constitute regulated financial advice.
Kind regards,
Affinity Connect
Affinity Connect is a trading name of Affinity Connect Limited which is part of the Wealth at Work group. Registered in England and Wales No. 04256854. Registered Office: 5 St Paul’s Square, Liverpool L3 9SJ. Calls may be recorded and monitored for training and record-keeping purposes
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The McCloud Remedy
Everything you need to know about the McCloud Remedy.
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What happens if…?
Find answers to how your pension benefits are affected.