Transferring previous LGPS pension rights into the LGPS?
If you re-join the LGPS, you can normally transfer your previous LGPS pension rights to your new membership, enabling you to enjoy benefits based upon your entire membership and linked to your final pay in your new job. They will not be transferred automatically. If your new job is less well paid, you will need to decide whether it may be better not to join the benefits together. If you have previously re-joined the Scheme and chosen to keep earlier LGPS pension rights which you built up in Scotland separate, you will not normally be able to transfer those earlier rights to your new job.
If your previous LGPS pension rights are in England, Wales or Northern Ireland, you only have 12 months from re-joining the LGPS to opt to transfer them, unless your employer allows you longer. This is an employer’s discretion; you can ask your employer what their policy is on this matter.
Transferred membership from the LGPS in Scotland will count on a day for day basis, but transferred membership from the LGPS in England, Wales or Northern Ireland may not count on a day for day basis.
If you wish to transfer your previous LGPS pension rights you should contact your Pension Fund administrator as soon as possible to find out about this and about the matters you will need to consider in making your decision.
Pension rights built up as a councillor in Scotland cannot be joined with rights built up as an employee in Scotland and vice versa.
Additional Voluntary Contributions (AVCs)
If you have previously paid AVCs to an in-house AVC arrangement under the LGPS in Scotland you can, if you wish, transfer them into the in-house AVC arrangement offered by your new administering authority.
How do I transfer?
Your Pension Fund administrator can advise you of the process for transferring previous pension rights into the LGPS.
Remember, you have only 12 months from joining the LGPS to opt to transfer any LGPS pension rights held in England, Wales and Northern Ireland, unless your employer allows you longer.