14. Transferring in previous pensions
Before making a request to transfer your previous pension benefits, you will need to get up to date information from your former pension provider(s) and the Pensions & Investments Team
You will not be able to decide whether a transfer is the best option until you have all the relevant facts and figures. This information will enable you to make a comparison between your former pension scheme and the LGPS. The best time to make your decision is when we tell you how much extra pension you would get. This will allow you to make a more informed decision.
Please deal with this now. You could lose out if you delay.
The transfer process explained
Contact your previous pension provider and request a Cash Equivalent Transfer Value (CETV). They must supply this to you on headed paper. We cannot accept a figure provided by you.
Once you receive this, fill in Section 1 of the Transfer Quote Request Form. Sign, date and send it to us along with the CETV from your previous pension provider.
If you're outside the 12-month limit, you'll also need to complete section 2. Send this to your employer. If your request is approved, they should complete section 3. You should send section 2 and 3 to us along with the CETV from your previous pension provider.
Once we have received this, we'll calculate how much your previous pension is worth when combined with your LGPS pension. You should review the information we send to you and decide if you wish to proceed. If you choose to go ahead, you should complete the any forms you receive and send them to us. If we do not hear back from you, we will assume you no longer wish to proceed.If you have previous LGPS membership, you do not need to complete the Transfer Quite Request pack. Instead, you should complete the LGPS Membership Form instead.
Our transfer forms
LGPS Membership form - Complete and return if you have LGPS benefits in another LGPS Fund or if you have an AVC fund
LGPS Transfer Quote Request Pack - To investigate the transfer of previous pension rights into the council fund
Is it always possible to transfer previous pension benefits?
Last updated: 30 April 2021