New Starter Guide December 2017 | Page 4

Contents Contents Your Pension How is my pension worked out? Protection for your family 15 What pensionable pay is used to work out my pension? 16 22 17 What conditions need to be met for an eligible cohabiting partner’s survivor’s pension to be payable? 23 If you joined the LGPS before 1 April 2014 17 Leavers without an immediate entitlement to benefits Taking AVCs as cash 18 Can I exchange part of my pension for a lump sum? How is my pension worked out- an example Retirement 2 What benefits will be paid if I die? When can I retire and draw my LGPS pension? 19 Will my pension be reduced if I voluntarily retire before my Normal Pension Age? 20 What if I lose my job through redundancy or business efficiency? 20 What happens if I have to retire early due to ill-health? 20 What if I want to have a gradual move into retirement? 21 What if I carry on working after my Normal Pension Age? 21 How does my pension keep its value? 21 Contents Who is the lump sum death grant paid to? 24 Refunds of contributions 25 Deferred Benefits 26 What if I have two or more LGPS jobs? 28 Transferring your benefits 28 Transferring your benefits to a flexible benefit scheme 29 Help with pension problems Who can help me if I have a query or complaint? 30 How can I trace my pension rights? 31 Short terms we use 32 Further information & disclaimer 41 SouthYorkshirePensionsAuthority 3