The Local Government Pension Scheme (LGPS) is a valuable part of the pay and reward package for employees working in local government or working for other employers participating in the scheme. The key features of the scheme include:
A secure pension
Your pension is worked out every year and added to your pension account. Each year 1/49th of your pensionable pay is put into your pension account; at the end of the year the total amount of pension in your account is adjusted to take into account the cost of living.
Flexibility to pay more or less contributions
You can boost your pension by paying more contributions, which you would get tax relief on. You also have the option in the LGPS to pay half your normal contributions in return for half your normal pension. This is known as the 50/50 section of the scheme and is designed to help members stay in the scheme when times are financially tough.
As a member of the LGPS, you receive tax relief on the contributions that you pay plus you have the option when you draw your pension to exchange part of it for tax-free cash.
Peace of mind
Your family enjoys financial security, with immediate life cover and a pension for your spouse, civil partner or eligible cohabiting partner and eligible children in the event of your death in service or if you die after leaving having met the 2 year qualifying period also known as vesting period. If you ever become seriously ill and you've met the 2 year qualifying period, you could receive immediate ill health benefits.
Islington Council’s Pensions Office
7 Newington Barrow Way,
Pension queries can be made to the Pensions Officer who deals with the alphabetical range that includes your surname:
|Surname range||Telephone enquiries|
|A – DA||020 7527 2028|
|DB – J||020 7527 2170|
|K – Q||020 7527 6733|
|R – Z||020 7527 2320|
More information about the LGPS is available on the LGPS members website. This includes a wide range of information about what benefits are available to you if you are a member and when they become payable.
About the Pension Fund
The council maintains a pension fund to finance the scheme benefits built up by scheme members, and is required by the LGPS regulations to publish statements setting out its policies on investment of the fund assets and also on its strategy for achieving full funding. You can find these statements and policies under 'Useful documents' below.