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FLEXIBLE RETIREMENT
If you have at least three months total membership or have brought a transfer value into the LGPS you may wish to consider the possibility of flexible retirement.
From age 55, if you reduce your hours or move to a less senior position, and provided your employer agrees, you can draw the pension benefits you have built up.
You can continue paying into the LGPS on your reduced hours or in your new role, building up further benefits in the Scheme.
Flexible retirement is an employer discretion and your employer should have a published policy.
Will my pension be reduced if I take Flexible Retirement?
If you take flexible retirement before age 65, your benefits may be reduced to take account of their early payment unless your employer agrees to waive the reduction in whole or in part.
