Annual Benefit Statement FAQ's
Frequently Asked Questions (2005/06)
Are the Additional Voluntary Contributions (AVC’s) I am paying included in the benefit statement?
No, this fund is treated separately and is not included in the statement. However you will receive a separate statement from your AVC provider, either Century Life/Prudential Assurance. If you have not yet received a statement for 2006 then you will need to contact your AVC provider directly.
I am a ‘claim’ member of the Scheme, why are the estimated benefits calculated to 65 and the estimated death benefits less than the figures on my 2004 benefit statement?
The 2005 benefit statements for 'claim' members show benefits calculated on the hours shown under your membership details only and no projection of benefits to 65 has been calculated.
In the 2004 benefit statements projected benefits for ‘claim’ members were calculated based on the member’s last recorded average hours. However, due to the unpredictable nature of ‘claim’ hours we felt that it was unwise to continue to make the assumption that ‘claim’ members would work the same average hours in the future. Therefore the 2006 benefit statements for ‘claim’ members show benefits calculated on the hours shown under your membership details only and no projection of benefits to 65 has been calculated.
I have previous LGPS benefits held separately to those shown on the enclosed member benefit statement, can I aggregate them with my current period of membership?
If you have been a member of the LGPS with your current employer for less than 12 months, then you have until the eve of 12 months from the date of joining in which to elect to aggregate your previous membership. No elections can be made after this time.
If you have been a member with your current employer for more than 12 months and did not complete and return a ‘members request for further information in respect of aggregation of Local Government Pension Scheme (LGPS) Rights’ form by the 30th June 2005, then you do not have any further option to aggregate your LGPS benefits whilst you remain with your current employer.