Late retirement factor changes

The Government have announced changes to the late retirement factors for the Local Government Pension Scheme (LGPS). These changes came into effect from 1 September 2019 and will affect members who carry on working beyond their normal pension age (NPA).  Members who retire after their NPA will see either no change to the increase they receive on their pension or a slight increase depending on how long after their NPA they are retiring.

  • Members who retire two years after their NPA will see no change to the increase they receive on their pension.
  • Members who retire over two years after their NPA will see a slight improvement to the increase they receive on their pension.

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