We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
LGPS - McLoud judgement
Comments
-
As hyubh pointed out, there are a lot of details up in the air about it and the Government barely started consulting on the LGPS. Here is the link to the document about the consultation. The consultation will close by 8th October 2020 so it will take some time before they decided on the solutions. You can read it and if it applies in your casemickybhoy67 said:Hi, with regard to this new judgement. I am a deferred LGPS Scotland member with 34 years service and I am currently 53 years old. I’m still a member of an LGPS scheme. Can I retire at 55 without any reductions now following the implementation of the McCloud judgement ?
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/901173/Condoc_-_amendments_to_LGPS_underpin_-_FOR_PUBLICATION.pdf.
0 -
It hasn't been implemented yet, however given members with underpin protections weren't, by virtue of those protections, able to retire at 55 without an actuarial reduction, the answer is 'no'.mickybhoy67 said:Hi, with regard to this new judgement. I am a deferred LGPS Scotland member with 34 years service and I am currently 53 years old. I’m still a member of an LGPS scheme. Can I retire at 55 without any reductions now following the implementation of the McCloud judgement ?1 -
The LGPS Rule of 85 was abolished for new joiners on or after 1 October 2006, with transitional protections for those who joined prior to that date. Nothing to do with McCloud, which essentially deals with the much later switch from final salary to CARE.hyubh said:
It hasn't been implemented yet, however given members with underpin protections weren't, by virtue of those protections, able to retire at 55 without an actuarial reduction, the answer is 'no'.mickybhoy67 said:Hi, with regard to this new judgement. I am a deferred LGPS Scotland member with 34 years service and I am currently 53 years old. I’m still a member of an LGPS scheme. Can I retire at 55 without any reductions now following the implementation of the McCloud judgement ?
In view of your age, your R85 protections will be limited to your pre 2008 service only.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards