Where to find the actuarial reduction factors for LGPS - which worksheet?

SarahB16

I am in the LGPS pension scheme (a current member and still making contributions). Could anybody kindly direct me to where in the following link I will find the relevant actuarial reductions please?

Actuarial guidance (lgpsregs.org)

By way of background I have both pre and post-2014 tranches with a normal retirement age of 65 and 67 (linked to my state pension age) respectively. My current thinking is I will likely draw my LGPS pension at 65 however it would also be good to see what the actuarial reduction would be if I chose to take my pension before 65 too.

I have looked in the ‘Early Retirement’ section and at the spreadsheet called ‘Factor spreadsheet version 2023-24’ however I’m unsure which worksheets I need to refer to if I were to take my pension at 65, i.e. two years early (I only need to calculate a reduction on my post-2014 tranche) and which additional worksheet I would need to look at to calculate the actuarial reduction that would be applied on my pre-2014 tranche if I were to retire before the age of 65, possibly at 64 so only looking at a one year actuarial reduction (and three years early for my post-2014 tranche) but it would be helpful to see what the reductions may be. I also realise these actuarial reduction factors are subject to change too.   

Thank you in advance for your help.  

Sarahspangles

Are they not simply the table half way down this page?

https://www.lgpsmember.org/your-pension/planning/taking-your-pension/

SarahB16

Sarahspangles said:

Are they not simply the table half way down this page?

https://www.lgpsmember.org/your-pension/planning/taking-your-pension/

Thank you very much and yes they are.