Reduction in Pay Guide
1st October 2013
1st October 2013
Because the Local Government Pension Scheme is a final salary scheme, any reduction or restriction in pay is likely to have an adverse effect on your retirement benefits.
This Guidance Note explains the ways in scheme benefits may be protected either through the granting of a Certificate of Protection of Pension Benefits or by “Ring-Fencing” the pre-reduction rights in the form of a Deferred Benefit.