What if you were paying extra?
If you have been paying extra contributions your contributions will cease when you leave the LGPS. If you leave with deferred benefits you will benefit from those extra contributions.
Additional Pension Contributions (APCs) or Additional Regular Contributions (ARCs)
If you are buying extra LGPS pension by paying APCs or ARCs you will be credited with the extra pension you have paid for at the time of leaving. This will increase the value of your deferred benefits and any transfer value paid to a new pension arrangement.
If you are buying extra years in the LGPS you will be credited with the extra period of membership that you have paid for at the time of leaving. This will increase the value of your deferred benefits and any transfer value paid to a new pension arrangement. The extra benefits will be calculated on the same basis you had agreed to buy them. If you move to a new employer in the LGPS in England or Wales within 12 months of leaving, you can carry on paying the additional contributions provided you also pay them to cover the period between leaving and starting your new job and you join your pension rights together. Contact your new LGPS pension fund within 3 months of rejoining to arrange this.
Additional Voluntary Contributions (AVCs)
If you pay AVCs arranged through the LGPS (in-house AVCs) the value of your AVC fund will continue to be invested until it is paid out. Your AVC plan is similar to your main LGPS benefits in that it can be:
- transferred to another pension arrangement, or
- drawn at the same time as your LGPS benefits
As you cannot pay in-house AVCs after leaving, any extra life cover paid for through AVCs will cease.
If you elected to pay AVCs on or after 1 April 2014 and you choose to transfer your main LGPS benefits to another LGPS fund in England and Wales your AVC must be transferred too.
Cohabiting Partner's Pension
If you are paying additional contributions to buy extra cohabiting partner's survivor pension, the period of your pre 6 April 1988 membership that you have paid extra for at the time of leaving will be included in the calculation of any survivor's pension payable to an eligible cohabiting partner on your death.