Orkney Ferries LGPS Solution

Unlike the CSPS there will be no Retirement Modeller for LGPS members to assist with their options. It would appear that the Government’s reasoning is due to cost of putting in place a modeller, but we are advised that members of the LGPS will receive written communication which will give then detailed illustrations in respect of their options as early or late retirement, or exchanging pension for a cash lump sum etc.

If you were a member of the LGPS between 31st March 2012 and 1st April 2015 then you are also likely to be affected by the McCloud ruling and should visit the LGPS website for more information.

https://www.lgpsmember.org/helpand-support/frequently-askedquestio ns/?faq-type=mccloud-court-case

We will keep you updated on developments.

Focus on Maritime Pensions Newsletter May/July 2023