What is ESS pension?
Employer Self-Service (ESS) is free to use and provides you with direct access to your members' pension records held on our system (Altair) via a secure web connection. ESS provides you with the ability to: create new starters.
Can I take my pension from previous employer?
Yes. You can withdraw money from a pension you have built up with an old employer, as any money you have accumulated is yours.
Is the LGPS a good pension?
The Local Government Pension Scheme is in good financial health and has, on limited resources, negotiated a host of changes in the past 10 years. Examples are the move to career average revalued earnings, to pooling and the change in regulator.
How much do the Council contribute to your pension?
Your contribution rate depends on how much you are paid but it will be between 5.5% and 7.5% of your pay. The rate you pay depends on which pay band you fall into. The pay band ranges are reviewed each April in line with the cost of living.
Who are Peninsula Pensions?
Peninsula Pensions is the operational name for the shared administration service of the Local Government Pension Scheme (LGPS) on behalf of the Devon and Somerset Administering Authorities.
Are Local Government Pensions any good?
The Local Government Pension Scheme is in good financial health and has, on limited resources, negotiated a host of changes in the past 10 years. Examples are the move to career average revalued earnings, to pooling and the change in regulator.
What does deferred pension mean?
A deferred pension is a pension that you delay taking until later in life. The longer you wait before accessing your savings, the higher your potential retirement income could be.