The LGPS is one of the largest public sector pension schemes in the UK with over 6 million members. It is governed by regulations made by Parliament. They consult with Trade Unions and employer representatives about the regulations. 

Find out more about the investment and governance of the scheme  Fund Information

The LGPS is an occupational pension scheme and a Career Average Revalued Earning(CARE) pension scheme. A CARE scheme means your benefits are worked out on your pensionable pay each year and added together. Inflation is added to keep its value. 

Key features of the LGPS 

  • Annual pension payable for life 
  • Option to convert some pension to a one-off, tax-free lump sum 
  • Lump sum death grant for death in service 
  • Survivor's pensions 
  • Pension increases with the cost of living - whilst building up and when it is in payment 
  • Ill health retirement provisions 
  • Normal retirement age equal to your State Pension Age (SPA) 
  • One forty ninth (1/49th) accrual rate. This means your pension builds up at a rate of 1/49th of your pensionable pay each year.