If you're facing redundancy or leaving your employment because of business efficiency, your LGPS benefits will be protected – whatever happens.

If you're thinking about applying for voluntary redundancy, you should speak to your employer. They'll be able to tell you about their administration process and if your request is likely to be granted.

Under age 55?

If you're under age 55, you don't meet the rules for retirement under redundancy or business efficiency. To find out what will happen to your pension benefits, you should visit the page: Leaving the scheme before retirement.

Over age 55 and been in the scheme for two years or more

If you're aged 55 or over and have been in the scheme for two years or more, your benefits are due immediately if you're made redundant or retired because of business efficiency. Unlike early retirement, no reductions are applied to your benefits. 

Exit cap quotes

Please note that if a quote is requested at this time it will be created under current legislation and will not take into account any future changes to the LGPS regulations or wider exit payment cap reform. The Exit Payment Cap Directions 2021 have disapplied regulations restricting public service exit payments from 12 February 2021 however we understand the MCHLG still plan to introduce further changes to exit payments and will consult again on further reforms.

Although the Government has not confirmed when the exit cap or further reforms will be looked at, you should be aware that

1. An exit cap may be in force in the future, and
2. MHCLG may introduce further reforms to exit pay when the exit cap is re-introduced

Any further reforms to exit payments and changes to LGPS regulations may change the benefits quoted or your entitlement to these benefits.