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What happens to my pension if I leave?

Refunds of Contributions

If you leave with less than two years total membership, have not brought a transfer into the LGPS and do not already have a deferred benefit in the LGPS in Scotland, you may take a refund of your contributions, less a deduction for tax and, if any, the cost of buying you back into the State Second Pension scheme (S2P).

Deferred benefits

If you leave before age 65 and your total membership is two years or more, or you have transferred other pension rights into the LGPS, or already have a deferred benefit in the LGPS in Scotland, you will be entitled to deferred benefits within the LGPS. Your deferred LGPS benefits will be calculated as described in The Benefits section of the guide using the length of your membership up to the date that you left the Scheme.

Unless you decide to transfer your deferred benefits to another pension scheme they will normally be paid at age 65, but please refer to the appropriate section of the guide for further information.

 

Link to Scottish Government Website