Please note that this year’s Annual Benefit Statement provides an estimate of your pension benefits accrued in your current scheme membership to 31/03/2020. Any projections on your pension entitlement are also based on the assumption that your current membership will continue until your normal pension age.
Please also note that on the 20 December 2018, the Court of Appeal ruled in McCloud/Sargeant that the transitional arrangements introduced as part of the 2015 reforms to the Firefighters’ and Judges’ pension scheme were discriminatory and, therefore, unlawful. The Government subsequently accepted that this ruling applied to all the main public service pension schemes and is currently working on removing this discrimination to all affected scheme members. This work is complex and will take time.
For further information please see the Written Ministerial Statement from 25 March 2020: https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2020-03-25/HCWS187/
At this stage there is still uncertainty around the final approach to removing this discrimination. This means that it has not been possible to reflect the impact of the Court of Appeal ruling in this year’s Annual Benefit Statements.
Your Annual Benefit Statement is in the 'Member Documents' section on 'My Pension Online'.
If you aren't already registered please use the 'My Pension Login' link in the top right corner of the website and follow the registration process.
Multiple jobs: If you are a member of the scheme in more than one job, then you will see a separate statement for each job.
Part-time/Term-time: If you are employed on a part-time and/or term-time basis then you are advised to please read the information within the 'Guides' below.
Tax charges: If the value of your pension savings increases by more than HMRC's "Annual Allowance", you may be liable to pay tax. This will not affect many people, and is most likely to affect high earners. If you have exceeded the annual allowance then we will write to you separately by 6th October as you may need to pay a tax charge.
Click here to find out more about the annual tax allowance rules
Important: Your statement is an estimate only and is not a guaranteed statement of entitlement. The actual benefits that you could receive may be different and you should consult us before making a decision. If you are unhappy with the accuracy of any information or any decision made in relation to your pension please inform your employer or the Pensions Helpdesk in the first instance. If you are still dissatisfied after this, you have the right to appeal.
Lancashire Members Documents