The LGPS 2014 contains two sections – the 50/50 section and the main LGPS, which run alongside each other.
The 50/50 section allows you to pay half your pension contributions and get half your pension. You still get full life assurance cover even though you’re paying half contributions.
You can elect to be in the 50/50 section at any time whilst a member of the LGPS and switch between the two sections as often as you choose.
However, the 50/50 section is designed to be a short-term arrangement for times of financial hardship, where otherwise you would opt out of the LGPS completely. As such, you will automatically be moved back into the main section:
- On your employer’s automatic enrolment/re-enrolment date
- If you go on nil pay due to sickness and remain on nil pay at the beginning of your next pay period
The 50/50 section joining form is on our Forms and Resources page. Please note that you cannot sign your 50/50 section joining form until after you have joined the main section.