Additional Regular Contributions (ARC) Calculator

LGPS members can elect to buy extra annual pension in multiples of £250 up to a maximum of £5,000 (in total for those with more than one employment). You have the choice of either providing just a pension for yourself or to provide one for yourself and ANY survivor on your death - spouse, civil partner, nominated cohabiting partner or eligible child.

Purchase is by way of deductions from your pay and the additional contributions must be paid over a whole number of years and must cease before age 65. You may choose to pay over a shorter period if you wish. Contracts can commence at any time of year and will commence on completion of all necessary paperwork on application. You may have more than one contract.

As contracts are deemed to be paid in full if you are either retired on grounds of ill-health [tier one or two] or die in service, then on applying to buy extra additional pension, a medical certificate (available from the Fund) must be completed by your G.P. stating that you are in 'reasonably good health'.

The cost of purchasing additional pension is based on your age, gender, the payment period and whether or not you choose to provide for dependants' benefits.

For more details about buying additional pension, and to receive a quotation, contact your benefits team. Finding your team Contact by Employer

You can see an illustration of the cost of buying extra pension spread over a chosen period by following the calculator link below:

Additional Regular Contributions Calculator ARC Calculator

Disclaimer: Figures provided for information purposes only. They provide an illustration of the cost of buying additional pension over a chosen period depending on your gender and your age at the date contributions would begin. For a detailed quotation and full contractual terms and conditions, please contact your benefits team using the link below.
Finding your team Contact by Employer

02/02/2009