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Nilgosc


Pension Account Calculator

On 1 April 2015 the Scheme changed from a final salary to a career average scheme.  This means that the way your pension is worked out at Retirement is different.   

This Pension Account Calculator will help you understand how your pension account works. The Calculator only shows how a pension builds up from April 2015, so if you have membership before 1 April 2015 a separate calculation will need to be completed for this stage of your membership.

The calculator allows you to input pensionable pay details, assumed inflation and assumed pay increases to see how the value of your Scheme pension builds over the number of years you choose. You can also choose to see how opting for the new 50/50 section would impact on the benefits built up in your pension account.

The calculator is not designed to provide you with an estimate of benefits.  It shows how a pension will be worked out in the Scheme from 1 April 2015 onwards.  It is important that you read the 'Disclaimer' below.

 
 
 

Disclaimer - The Local Government Pension Scheme NI (LGPS(NI)) changed for employees in Northern Ireland from 1 April 2015. This calculator has been produced for illustrative purposes only to show how a pension account works from 1 April 2015. The figures shown do not include the value of any reduction if your pension is paid before your Normal Pension Age or any increase if it was to be paid later than your Normal Pension Age. Your Normal Pension Age for pension built up from 1 April 2015 is linked to your State Pension Age. The information in this calculator is for general information purposes only and does not cover individual personal circumstances. In the event of any dispute as to eligibility for membership of, or benefits due under the LGPS(NI) the appropriate legislation will prevail. The information in this calculator does not provide any contractual or statutory rights and does not override existing legislation. For an individual estimate of your benefits in the Scheme please contact NILGOSC.