50/50 Scheme

Option to pay lower pension contributions – the 50/50 Option

Main features of the 50/50 scheme

One of the key features of the LGPS is the 50/50 option, which enables members to pay half rate contributions in exchange for half of their pension accrual.

This may help some members who are temporarily unable, or have difficulty in paying the full amount of contributions if your financial circumstances change e.g. moving house, childcare costs, getting married etc. The 50/50 option will allow you to remain as an active member of the scheme and pay lower contributions rather than opting out altogether.

You would then still be able to take advantage of the benefits of being an LGPS member but contribute a lower, more manageable amount.

For further information and examples of how the 50/50 section works please read the – 50/50 factsheet.