You can look forward to a pension that increases every year in line with the cost of living for the rest of your life.
The LGPS normal retirement age is 65. However, there is scope to retire prior to this but from age 55 to 59 you will need your employers consent. In cases of ill health, there is no age limit at all.
To be entitled to benefits you must have at least 3 months membership or have transferred other pension rights into the fund.
You can even have a gradual move into retirement - find out more about flexible retirement.
Preparing for retirement
Two day Pre-Retirement Planning courses are run each month to help you prepare for retirement and are open to all scheme members, not just those employed by Norfolk County Council.
If you are looking to retire in the next 18 months to two years and to help you with this transition the course provides useful information on:
- Creating a new future and managing change
- Making the most of your retirement, leisure and learning opportunities
- Maintaining health and fitness, turning good intentions into reality
- Information about the Local Government Pension Scheme
- Investment options and where to get financial advice
- Opportunities in the voluntary sector
- Unison Retired Members Branch
Norfolk County Council (CTD) manage and run the courses. For more information please speak to your manager or contact Norfolk County Council (CTD) on 01603 223414 or at ctdtraining@norfolk.gov.uk