Taking your pension before your Normal Pension Age (NPA)
There is no reduction if you take your pension at your Normal Pension Age (NPA). If you take your pension early before your Normal Pension Age (NPA) it will be reduced.
The reduction is based on the number of years from the date you take your pension to your Normal Pension Age (NPA). If the number of years is not exact, the reduction percentage is adjusted.
Taking your benefits after your Normal Pension Age (NPA)
If you stay in work after your Normal Pension Age (NPA), you will continue to pay into the LGPS and build up further benefits. You must take your pension by age 75.
If you delay taking your pension, your benefits will be increased. The increase is based on how long after your Normal Pension Age (NPA) you take your pension.