There are different calculations for working out the value of your deferred pension depending on when you were a member of the scheme:
The pension you build up during each or any of the above periods is calculated separately and added together to get your total pension.
Career Average Pay is the average pay you received over your LGPS membership. In calculating your average pay, the pay you received each year while in the pension scheme is revalued so it keeps up with the cost of living. Your revalued pay for each year is added together with the total divided by your membership to get your Career Average Pay. This figure is then used to work out your benefits in the old career average scheme up to 31 March 2015
Deferred members can now explore the option of transferring their pension out of the NESPF to an alternative scheme with our My Pension tool.
The NESPF office will be closed from 4pm on Thursday 1 April until Monday 5 April.
How much you pay into your pension depends on exactly how much you earn.
Retirement might have been a long-anticipated event in your life but as your last working day draws closer, the actual process of claiming your pension may seem daunting.