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LGPS 2015 / 2009 Comparison

The new 2015 Scheme is fundamentally different from the 2009 Scheme.  It is a defined benefit career average revalued earnings (CARE) scheme, meaning that future pension benefits will be calculated on career average earnings rather than final salary.  In future, pension savings amounts will be banked each year and then revalued to keep up with the cost of living – just like a savings account.

Click here to view a comparison table for the 2009 and 2015 Scheme (*PDF 179kb) 

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