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Scheme

Here you can view information about the London Borough of Hackney pension fund.

About your LGPS Pension       

The London Borough of Hackney Pension Fund is part of the Local Government Pension Scheme (LGPS) and is governed by statute. In 2014 the Scheme basis was changed from a final salary to a Career Average Related Earning Scheme (CARE).

Membership of the Scheme gives you not only a secure income for life after retirement but also the option of a lump sum at retirement. In addition there are financial protections for your family or other dependents after you die. Pension scheme membership is one of the most important and valuable benefits available to London Borough of Hackney employees.

The Local Government Pension Scheme (LGPS) is a statutory, funded pension scheme. As such it is very secure because its benefits are defined and set out in law.

The LGPS is a national scheme with each administering authority, county councils and London boroughs for example, have their own pension fund and membership. Hackney's own fund membership at 31st March 2016 was over 22,000 which included some 7,800 active members, 6,300 pensioners and 8,300 deferred pensioners.

 

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