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Pension Application Form For Active Members - Nottinghamshire ...
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LG PEN 22APension Application Form for Active Members Nottingham shire Local Government Pension Fund administered bylaw.notes.org.pensions Helpline 0115 846 3333Noteswww.notes.org.UK 2Welcome This.
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LTA FAQ
You can exchange part of your pension for a tax-free lump sum that is paid when you take your benefits. You can only choose to swap pension for lump sum when you first take your LGPS pension.
0115 977 2727 - option 3 then: option 0 - Annual Benefit Statement queries. option 1 - to report the death of a Local Government pensioner. option 2 - if you have a query on your pension payslip.
A member of a pension scheme who is in 'reckonable service', i.e., currently in the employment to which the scheme relates, and who is building up retirement benefits.
You can take your LGPS pension at any time from age 55 to 75, as long as you have met the two-year vesting period. You must take your pension by age 75. If your employer agrees, you can even take your pension without leaving your job – this is called flexible retirement.
The 85 year rule is satisfied when your age plus your Scheme membership (both in whole years) adds up to 85 or more. When voluntarily retiring before your NPA, we look at how many years early you are choosing to access your benefits. We apply a reduction for each of these years.
Local Government Pension Scheme Your pension fund will most likely provide your statement by making it available on their online pension portal. If you have not been notified that your statement is available to view, or you have not received a paper statement, you should contact your pension fund to find out why.
The LGPS is also more flexible than you think; you can take your pension from age 55 and you have the option to take up to 25% of your pension as a tax free lump sum.
You can take your LGPS pension at any time from age 55 to 75, as long as you have met the two-year vesting period. You must take your pension by age 75. If your employer agrees, you can even take your pension without leaving your job – this is called flexible retirement.
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