LGPS Early retirement reductions

Webby68

@michaels here's the old rates LGPS - Reductions for taking early
Years	Pension	Lump Sum
1	5.1%	2.3%
2	9.9%	4.6%
3	14.3%	6.9%
4	18.4%	9.1%
5	22.2%	11.2%
6	25.7%	13.3%
7	29.0%	15.3%
8	32.1%	17.3%
9	35.0%	19.2%
10	37.7%	21.1%
11	41.6%
12	44.0%
13	46.3%

chubsta

m_c_s said:

These are quite substantial drops in reductions (1.6% difference at 7 yrs). These are calculated by the Government Actuary's Department so similar changes should be seen with Civil Service pensions like alpha. 

That will be nice for me as I intend to get next April at 57 and 9 months, hopefully the revised Classic/Alpha tables will be released soon.