As a previous member of the Local Government Pension Scheme you will have built up benefits within the scheme and these are held until they become payable – this is called a deferred benefit.
These benefits consist of an annual pension and, if you were in the scheme before 1st April 2008 an automatic tax-free lump sum, plus the option to convert some of your pension into additional tax free cash. While held in the local government scheme the benefits increase each year in line with CPI.
You will get a Benefit Statement each year telling you the current value of your deferred benefit. This statement will be available on My Pension On-line unless you opt out of the service.