Local Government Pension Scheme

The Local Government Pension Scheme (LGPS) is a retirement savings plan designed for employees working in local government and related sectors in the UK. It allows workers to set aside a portion of their salary into a pension fund, which is then invested to grow over time. Upon retirement, members receive a regular pension payment based on their salary and years of service. The scheme also offers benefits for dependents and can provide early retirement options. It's a valuable way for local government employees to secure their financial future after their working years.