As a new member, or even if you are just moving between employers within the scheme, we need to know about any previous pensions you have had.
Once your employer has told us that you have started working for them, we will send you a New Starter Pack.
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Previous Pensions (LGPS)
The starter pack will include a form to confirm if you have had any previous LGPS pension rights either with Peninsula Pensions, or elsewhere. If you have any pre-2014 employment, this should be made clear as soon as possible.
Peninsula Pensions provides information in accordance with statutory guidelines . For transfers in quotations this is within 2 months of the request being received, unless supplied within the previous 12 months.
Please visit the Transferring in a previous pension pages on the LGPS website to for more details or get in touch with peninsula Pensions.
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Previous Pensions (Non-LGPS)
It may be possible for you to transfer a previous non-LGPS pension (such as a public service, occupational or personal pension) into your current LGPS pension account, subject to certain criteria. It is not possible to transfer a pension credit into the LGPS awarded by a Court under a Pensions Sharing Order.
You must make a written request within 12 months of joining the LGPS (unless your employer allows you longer). If you have changed contract with the same employer and you have continuous service, or if you have opted out and re-joined at a later date in the same role, the 12-month window commences from the date of your first/original contract within the LGPS.
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What you need to do if you are interested in transferring in a Non-LGPS Pension
• Ask your previous pension provider for a Cash Equivalent Transfer Value (CETV) and associated discharge forms.
• Send this information to us as soon as you receive it, including the discharge forms; we will not use them to transfer benefits without your permission. You can send us this by using the upload function on Member Self-Service
• We will send you an estimate of the extra service or pension amount that your transfer will provide. When making your decision whether to go ahead with the transfer, we strongly recommend that you seek independent financial advice first.