There are 31 results for the search term: "final salary".
If you pay additional pension contributions to buy back the pension you ‘lost’ when you were on strike, your final pay is not affected. Your final pay is the same as it would have been if you had not been on strike. If you pay additional pension contributions to buy...
View in “Frequently asked questions”
Going on strike could have a small effect on your final salary benefits. Any benefits you built up in the LGPS before 1 April 2014 are final salary benefits. Your final salary benefits are worked out using your final pay. Final pay is generally your pay in your final year,...
View in “Frequently asked questions”
Final pay is the figure used to work out final salary benefits in the LGPS. Final pay is usually the pay due for your final year of Scheme membership. Pay for one of the previous two years can be used if it is higher. Final pay includes: your normal pay...
If you are on strike, your LGPS pension will be affected. Your LGPS pension is based on your pay, and your pay will reduce if you are on strike. You can pay extra contributions to buy back the pension you ‘lose’. Read the Strike action and your pension FAQs to...
View “Strike action and your pension”
If you first joined the LGPS or another public service pension scheme before 1 April 2012, the pension you built up between 1 April 2014 and 31 March 2022 – the remedy period – may be protected by the McCloud remedy. If it is, your pension fund will check whether...
View “The McCloud remedy for active members”
Page 1 of 7 pages.