For members of the Local Government Pension Scheme in England and Wales
Will the value of my LGPS pension fall?
This news article was published on 24 Jan 2022
No. The LGPS is a defined benefit pension scheme. This means that your pension is based on your salary and how long you have paid in. Your pension is not linked to stock market performance. Neither your contributions nor your pension will be affected by any falls in the stock market. This includes any LGPS pension that you are paying into or that you paid into in the past.
The only exception is Additional Voluntary Contributions (AVCs). If you have an AVC, it is possible that the value may have reduced. This will depend on what funds you have chosen to invest in. You can contact your AVC provider for more information.