Local Government Pension Scheme
The Local Government Pension Scheme (LGPS) is a tax approved, defined benefit occupational pension scheme set up under the Superannuation Act 1972. The benefits under the scheme are based on Career Average Re-valued Earnings (CARE) from 1 April 2014, although any membership built up on or before 31 March 2014 will continue to be based on final salary.
The Dyfed Pension Fund, as administered by Carmarthenshire County Council, is one of many Local Authority Pension Funds throughout the UK that abide by the LGPS. Scheme membership is automatic for all eligible employees that work for Carmarthenshire, Pembrokeshire and Ceredigion County Councils, as well as a wide range of other eligible employing authorities, such as Dyfed Powys Police, Mid & West Wales Fire & Rescue Service, local Colleges, Town and Community Councils and many other bodies admitted to the Fund.
This section of the website is therefore relevant if you are considering joining the Scheme; if you are actively contributing to the Scheme; if you have left the Scheme before retirement and have deferred your benefits, or if you are in receipt of a pension from the Fund.
The Scheme is very secure because the benefits are set out in law and regulated by Parliament, plus there is no link to the Open-market, unlike with any defined contribution scheme.
This site contains information on the Local Government Pension Scheme, Police Pension Scheme and Fire Pension Scheme. The Local Government Pension Scheme is only relevant to non-teaching staff. If you are a teacher, please contact Teachers Pensions' (the administrator of your scheme).