Increasing pension benefits

AVCs are a way of topping up your NILGOSC pension and can be paid through the in-house AVC provider, Prudential. At retirement this fund may be used to provide additional pension and/or a lump sum. Alternatively, a member can transfer out their AVC fund to avail of ‘Freedom and Choice’ flexibilities e.g. drawdown pensions or taking lump sums directly from their fund from age 55.

More information.

An employer can agree to share the cost of any AVCs that the member decides to purchase. This is an employer discretion and members will need to check their employer’s policy on this.

Members can pay APCs to purchase additional pension or to cover a period of absence. There is a limit on the amount of additional pension that can be purchased, it is revised every April.
More information and current limits

An employer may award a member additional pension per year. This is an employer discretion and the member will need to check its employer’s policy on this. There is a limit on the amount of additional pension that can be purchased, it is revised every April.
More information and current limits