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Frequently Asked Questions
If
you cannot find an appropriate FAQ please feel free to drop
us an email
with your question and we will get back to you as soon as
possible.
Where
can I find information about the proposed changes to the Local
Government Pension Scheme?
Information regarding the changes to the Local Government Pension Scheme Regulations can be found on the Local Government Pension Scheme web pages at:
http://www.lgps.org.uk/latest/new-look-scheme-april-2008.html
How
do I advise you of my change of address?
If
you wish to advise of change of details please fill in the
following Form.
How
do I obtain a statement of my benefits?
Benefit
statements are likely to be distributed to the majority of
Scheme contributors on an annual basis by October 2002. Anyone
wishing to receive a statement other than the one prepared
annually should contact the Pension
Section Benefits Team
How
do I contact my AVC provider?
If
you have "Freestanding AVC''s", in other words an
AVC arrangement which you have personally arranged, the contact
details will be in your possession. If your AVC has been arranged
via the NYPF as an 'In house' AVC arrangement you should contact
the Prudential
help line.
I
paid contributions into the North Yorkshire Pension Fund in
a previous employment. How can I find out if I have any benefit
entitlements?
You
should contact the Pension Section Benefits Team
Can
I put lump sums into the Fund?
No
- you may be able to buy extra years of service by paying
additional regular contributions to the Fund. For further
information please write to or email the Benefits Team.
I
am a pensioner and I have an inquiry about my pay advice.
Who should I contact?
Your
pay advice and payments are the responsibility of the North
Yorkshire County Council Payroll Manager. Please write, phone
or email the Payroll
Manager.
I
am a teacher and have a query about my pension. Who should
I contact?
Teachers
contribute to the Teacher Pensions Fund and you should contact
their offices.
I
have an enquiry about my State pension. Who should I contact?
The
North Yorkshire Pension Fund has no responsibility for State
pensions. You should contact
a Benefits Agency Office.
I
would like further information on Stakeholders schemes. Can
you provide me with any information?
You
should contact an independent financial adviser, or other
agency (bank, building society etc.) who will be able to provide
you with further details.
What
happens to my pension contributions when I leave employment?
Your
employer should advise the Pensions Manager that you have
left and provide you with an 'Options on Leaving' information
sheet. A copy of this information sheet is available for you
to read.
When
can I take a refund of my contributions?
If
you have less than three months total membership and have not
brought a transfer value into the LGPS you may take a refund
of your contributions less any deductions for tax and the cost
of buying you back into the State Second Pension Scheme (S2P).
If you have
three months or more but less than 2 years total membership
and have not had a transfer of pension rights into the LGPS
you can opt for a refund of contributions rather than a
preserved benefit if, and only if, you
were contributing to the Scheme on 1st April 2004.
If you wish to check
your eligibility for a refund you should contact the Benefits Team.
I
have a tax query, whom should I contact?
Contact
your local tax office.
How
do I opt out from the Pension Scheme?
You should read
the 'Options on leaving' information. If you still want to opt
out, print out the SU40 or SU41 form, complete and return to
the Pensions Manager, County Hall, Northallerton, North
Yorkshire DL7 8AL.
The SU40 is an
information only form. The SU41 requires completion, however
there is also an SU41A form for completion by employees who
have been in the scheme over two years.
What will be
the effect of taking a strike break on my pension benefits?
The only effect,
in most cases, for pension purposes is that a day will be taken
out of the service calculation which will result in a small
reduction in pension benefits e.g.
For an employee
retiring at 65 with final pay of £15,000:
Reduction on
pension
1/365 x £15,000 x 1/80 = 51 pence per year in pension
Reduction on lump
sum retirement grant
1/365 x
£15,000 x 3/80 = £1.53 of lump sum retirement grant
However if a
scheme member is leaving or retiring imminently it may also
affect the calculation of final pay.
The scheme member
can recover the break by paying 16% in pension contributions for
that day. The 16% is a standard amount which includes a sum
towards the employer's pension contribution. Any scheme member
wanting to pay this amount should contact their employer's
Payroll Section or in the case of NYCC employees contact Sue
Giffin on 01609 533118.
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