If you leave the Scheme and have been a member for less than the 2 year vesting period, (Details of the vesting period can be found here: Vesting Period) you can choose to receive a refund of the contributions you have paid (net of the statutory deductions) provided that:
- You do not start working for another Local Government Employer within 1 month and 1 day of your leaving date;
The Cheshire Pension Fund will have to deduct tax and an amount equivalent to the National Insurance you would have paid (to repay on your behalf) if you had not been a member of the Scheme.
If you joined the scheme before 1st April 2014, left with less than the 2 years vesting period but have more than 3 months membership you can:
- Take a refund of your pension contributions ( as long as you meet the criteria above and have elected to receive the refund within 6 months of leaving)
- Have a deferred pension which increases in line with inflation until payment; or
- Transfer your pension benefits to another scheme.
If you would like more information about deferred pension benefits or transferring benefits out of the LGPS please follow the links below: