LGPS 2014 Ill Health Pension

joanne47

I am in the LGPS and have just been told by OHAssist that I meet the criteria for Tier One Ill health pension.
Can anyone help me work out how much my pension will be? I have been told that I have to wait until I have a final meeting with my employer to find this out. I cannot find an online calculator or an example of ill health pension under the LGPS 2014 scheme.
thanks in advance for your help.

xylophone

http://www.lgps.org.uk/lge/aio/17380433

OTHER RETIREMENTS
The provisions for retiring on grounds of ill health, efficiency or redundancy are the same in the LGPS 2014 as they were in the LGPS 2008 except for ill health retirements.

Enhancement of service to age 65 for Tier 1 ill health or enhancement for Tier 2 of 25% of service to 65, will be replaced by the same enhancement but based on the individual’s Normal Pension Age rather than 65. If your State Pension Age is higher than 65 when you are retired on grounds of ill health, the enhancement will reflect that higher pension age.

http://www.nottspf.org.uk/EasysiteWeb/getresource.axd?AssetID=170108 might give some indication?

joanne47

Thank you xylophone for the information you have provided.

Under the 2008 scheme the pension value was 1/60th.

Example:
salary: £20,000

service, including Ill Health enhancement up to individual pension age: 32 years

pension: 1/60 x 20,000 x 32 = £10,666

I have read that the 2014 uses 1/49th. But cannot see any info for ill health early pension to say if that is 1/60th still or now 1/49th.

xylophone

I have read that the 2014 uses 1/49th. But cannot see any info for ill health early pension to say if that is 1/60th still or now 1/49th.

From my first post above, there seems to be no suggestion of 1/49th?

The only difference seems to relate to the enhancement relating to the individual's state pension age rather than to 65?

Do you anyway have enhanced protection as here http://www.lgps.org.uk/lge/core/page.do?pageId=184728

joanne47

In the LGPS 'what's different' the Accrual Rate is 1/49th for LGPS 2014, but it does not make it clear to me if this relates to ill health or not.

I do not qualify for the enhanced protection (too young!).

joanne47

Tier 1 - the member’s pension account is adjusted by adding the
equivalent of the amount of earned pension the member would have
accrued between the day following the date of termination and their
Normal Pension Age. This is calculated as 1/49th of assumed pensionable pay (see paragraph 7) for each year and fraction of a
year in that period (regardless of whether the member is in the main section or the 50/50 section of the Scheme when their employment is terminated on ill health grounds);

I found the above info in the document:

CIRCULAR

No. 277 – MARCH 2014
CHANGES TO ILL HEALTH CERTIFICATES –
ENGLAND AND WALES

I read the above says that I should get:
1/49 x current salary x number of years until 67 yr old.
on top of pension already put into the fund before 2014.