www.wiltshirepensionfund.org.uk

20 Nov 2008, Time:18:29


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Retirement

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Normal retirement age in the Local Government Pension Scheme is age 65. However, you can retire any time after your 60th birthday but your pension and lump sum may be reduced. You can also join or continue to contribute up until your 75th birthday.

There will be no reduction to your pension and any lump sum if you satisfy the 85 year rule and you were born before 1 April 1956.

You can get an approximate idea of how much pension and lump sum you will receive when you receive your annual benefit statements - or you can request an individual estimate from your payroll section.

We cannot pay the pension benefits until we have received the your final salary details from your payroll department.

You also need to complete a declaration form and a commutation and marital status form.  This is to tell us about any other pension benefits you may have and also your choices about how you want us to pay your lump sum.

You can find more information in our choices at retirement factsheet, new pensioners factsheet, widow/ers / civil partners information sheet and our Brief Guide to the New Scheme.