Deferred benefits
If you leave your job before retirement and you meet the two year vesting period, you will have deferred benefits in the LGPS. See the page on How your pension is worked out to find out how your deferred benefits are calculated.
Your deferred pension will increase each April in line with the cost of living. A death grant will generally be paid if you die as a deferred member. Your partner and children may also receive dependants’ pensions. See the FAQs for information about what will be paid when you die.
Your deferred pension will be held in the LGPS until:
- you choose to take your deferred pension. You can generally take your deferred pension at any time between age 55 and 75. You may be able to take it earlier if you are too ill to work. See the Taking your pension page for more information about your options when you take your deferred pension.
- you transfer your deferred benefits to another pension arrangement. See the page on Transferring your pension to find out what you need to know about pension transfers.
Special rules apply if you have more than one job in the LGPS and if your job is moved to a private contractor. See the FAQs to find out more about what happens if either of these apply to you.