Update for our members- coronavirus/ covid 19
We want to let you know that despite the current disruption due to the coronavirus, we're doing all we can to keep our service running smoothly and to manage the situation for you.
We are following the latest advice from the UK government. Therefore, we've decided to stop all drop-ins and one-to-one appointments at the Shirehall until further notice.
We have measures in place so we can keep administering the scheme, paying pensions and protect the fund against such significant events.
We also want to remind our members that the Local Government Pension Scheme (LGPS) is a defined benefit pension and is not linked to stock market changes or performance of investments. Benefits are set out in law. Although short term investment values may change, the LGPS as a long-term investor is securely managed to address any longer term impacts such as affects of the coronavirus.
LGPS members can be sure that their pension, whether in payment or still building up, will be unaffected.
You can still contact us by telephone or email
If you want to talk to us about your pension, you can still give us a call or send us an email. We're also still receiving, and able to send post from our usual address.
Our contact information can be found at the bottom of this email and our helpdesk hours are still the same:
Monday - Thursday 8.45am to 5pm
Friday 8.45am to 4pm
Local government pensions to increase by 1.7%
On 6 April 2020, your local government deferred pension benefits will increase by 1.7%. This increase is worked out in line with September 2019’s consumer price index (CPI).
If you became a deferred member before 6 April 2019, your benefits will get the full 1.7% increase. However, if you left the scheme on or after this date, you'll get a proportion of this increase.
In the Summer, we will publish your annual deferred benefit statement. On this document, your deferred pension amount will include this increase. You'll be able to view this on My Pension Online. We will let you know when your statement is available.
The Shropshire County Pension Fund, like all public sector pension schemes, has no discretion in applying your pension increase and is bound by The Pensions Increase (Review) Order 2020 issued by HM Treasury.
Have you signed up for 'My Pension Online'?
Don't forget, you can register online! Visit My Pension Online and click 'sign up'. You'll need your email address and national insurance number.
View your latest pension amount, your annual benefit statements, and work out you rpension using our benefit projector tool.
You can also update personal information, such as your address, as well as your death grant nominations.
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