Your contribution rate will be based on your the pensionable pay that you receive, this includes any non-contractual overtime.
We are all living longer and need to think about how we are going to fund our retirements. The LGPS makes it easy for you to save for your retirement and will provide an income based on your salary and service.
If you are eligible to join the scheme from your first day of employment your employer will automatically put you into the pension scheme and send you a welcome pack which contains forms that you need to complete.
If you are between 16 and 75, have a contract of employment of 3 months or more and work for one of the employers who take part in the LGPS then you will automatically be put into the Pension scheme when you start employment.
The LGPS is one of the best ways to plan for retirement with an excellent range of benefits that both full-time and part-time employees can enjoy.
From 1st April 2014 there are two sections of the pension scheme - the main section and the 50/50 section.
Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called 'automatic enrolment'.
Rhondda Cynon Taf
Tel: 01443 680611
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