Employer led retirements include redundancy, interests of efficiency and flexible retirement. If you lose your job due to redundancy or business efficiency, provided you have met the two year vesting period and are aged 55 or over*, your LGPS benefits must be paid to you immediately. You will receive pension benefits that you have accrued from the date of joining the scheme, to the date of leaving, without facing the reductions you would have suffered if you had resigned from your job. Membership benefit is not topped up to your state pension age.
If you are made redundant and you’re under 55 or have less than two years service, please see our leaving before retirement page.
Flexible retirement is a way to gradually move into retirement, you either reduce your hours or your grade and take some or all of the pension benefits you have built up – you must take any benefits you built up before 1 April 2008. You may only take flexible retirement if your employer agrees, it is available from age 55* onwards, and requires that you have met the two-year vesting period.
*This age is due to change to 57 in April 2028, please see our Normal Minimum Pension Age page for more information.