Mecanismo de la liberación controlada

UNDER AGE 65) WITHIN 21 "DAYS" OF THE IMPLEMENTATION OF A PENSION SHARING ORDER

NB: this letter needs to be updated, where appropriate, to confirm the implementation of the choice made by the ex-spouse in respect of any share of an AVC 'pot' granted under a Pension Sharing Order.

My ref: Your ref: Date: Dear

Local Government Pension Scheme Regulations 1997

[or Local Government Pension Scheme (Scotland) Regulations 1998]

Member's Name: NI Number:

Thank you for confirming that you wish your Pension Credit to remain in the Local Government Pension Scheme. [delete this paragraph if no option has been received and the Pension Credit is being awarded as the default option]

This letter provides you with information on the benefit that has been granted to you in the Local Government Pension Scheme.

The Pension Sharing Order or provision takes effect from ………. (the transfer date).

The Cash Equivalent Value (CEV) of your ex - spouse's accrued pension rights, valued as at ……… (the valuation date) and calculated in accordance with the relevant legislation was £ ………

The Order or provision has awarded you ………. % / £……….. (which represents …..%) of your ex - spouse's CEV. Hence a sum of £………… has been awarded to you.

[Note: if charges are to be levied against the CEV sum granted to the ex - spouse, these must also be detailed and the net CEV also be shown]

In practical terms, this has provided you with a pension in the Local Government Pension Scheme of £ ………… per annum and, under current legislation, a tax free lump sum of £ ………

[Note: if periodical charges are to be levied against the credited member, these must be detailed including how and when those charges will be recovered]

The benefits awarded to you are personal benefits. There is no provision for a contingent spouse's pension if you were to re-marry and predecease the new spouse, nor will any children's pensions be payable upon your death. Children's pensions remain "attached" in full to your ex-spouse's benefits in the Local Government Pension Scheme.

The benefits will be payable from age 65 and the pension is payable for life. However, the benefits can be paid earlier than age 65 with the pension being paid as a one off lump sum equal to 5 years worth of pension if you suffer serious ill health. Serious ill health means ill health which is such to give rise to a life expectancy of less than one year. A trivial pension can be commuted for a lump sum at State Pension Age.

If, at any time, you wish to claim the Pension Credit benefits on the grounds of serious ill health you should write to me. Your case would then be placed before an independent registered medical practitioner.

The Pension Credit you have been awarded in the LGPS will, under current legislation, be increased each year in line with the rise in the Retail Prices Index i.e. it is inflation proofed during the period leading up to the date of payment and for the rest of your life whilst in payment.

If you die before the Pension Credit has been brought into payment, an amount equal to 3 years pension, as increased in line with the Retail Prices Index, will be paid as a lump sum death grant to your personal representatives. If you die within 5 years of the Pension Credit being brought into payment, the balance of 5 years worth of pension will be paid as a lump sum death grant. The

administering authority has total discretion as to whom this payment is made. I enclose a Death Grant expression of wish form for you to complete and return to me, if you have not already done so, in relation to any death grant that may be payable after your pension has been brought into payment. This enables the administering authority to take your wishes into consideration when deciding to whom to pay any death grant.

As an alternative to a Pension Credit in the LGPS you are entitled, at any time up to one year before your 65th

birthday, to transfer the Cash Equivalent of your Pension Credit to another qualifying pension scheme. If you wish me to investigate a transfer to another scheme at some time in the future, please supply me with the information on the attached form (form TV1).

You may wish to note that the date that your own Pension Credit benefits in the LGPS are payable from is totally independent of the date that your ex - spouse may draw his / her benefits. Your ex - spouse's remaining pension rights and those granted to you are not detrimentally affected should either of you remarry.

re-marriage ended by reason of divorce or annulment (as could your ex -

spouse's remaining pension rights if he / she were to re-marry and the marriage were to end by reason of divorce or annulment).

You should keep me informed of any future change of name or address.

You have the right of appeal against any decision taken by ………Council that you disagree with although it is normally a good idea to make an informal enquiry in the first place. Most problems are in fact resolved this way. They are often caused by misunderstandings or wrong information which can be

explained or put right quickly and easily. A leaflet on the Appeals Procedure is attached for your information (leaflet APP1).

If you require any further information or clarification please let me know. Yours sincerely

FORM TV1