You receive your pension monthly, in arrears, on the 20th of each month – or, if the 20th falls on a weekend or a Bank Holiday, the working day before.
Your pension will be paid directly into your bank or building society account.
If you change your bank or building society, please let us know in writing as soon as possible so we can update our payment system. Please use the address on the Contact details page.
Your pension from the LGPS increases each April in line with the cost of living. (We measure this using the Consumer Price Index.)
If you have been retired for less than 12 months you will receive a smaller increase to allow for the part-year. We’ll let you know the overall percentage increase in the pensioner newsletter.
Pension increases from State Pension Age
You would have been ‘contracted out’ of the State Earnings Related Pension Scheme for any time you were in the LGPS between 6 April 1978 and 5 April 1997. (The State Earning Related Pension Scheme, or ‘SERPS’, was the second level of State pension payable at the time.)
The LGPS guarantees to pay you a pension that is at least as much as you would have received from SERPS. This is known as the Guaranteed Minimum Pension, or ‘GMP’, part of your pension.
From your State Pension Age, we and the Government may share the cost of your pension increases. This is because the Government is responsible for paying some of the cost-of-living increases on your GMP. The GMP part of your pension will receive a full increase, even if the rest of your pension receives a smaller increase because of a part-year.