You can request one current cash equivalent transfer value (CETV) of your pension rights per year free of charge. Please note that a current valuation can't be used for pension sharing but can be used for the division of marital assets.
If you need a value proportioned for your period of marriage, a fee would be payable. Please complete and return the application form linked at the bottom of the page.
Request a free valuation of your pension rights for divorce purposes by completing our request form, see Forms section at the bottom of this page.
You can obtain a current CETV valuation of your pension via My Pension Online by selecting 'Explore My Transfer Options' from the dashboard and running a non-Club transfer calculation.
A current CETV will not be proportioned over your period of marriage. A current CETV can't be used for pension sharing purposes. If you are a pensioner, we can't give you a current CETV as your benefits are in payment.
If you wish a CETV proportioned over your period of marriage, please complete and return the form which can be found in the section at the bottom of this page.
You may want to update your nomination of beneficiary, which you can do via My Pension Online or by downloading and returning our nomination form, which can be found below.
If you get divorced, or your civil partnership is dissolved, you may have to consider what happens to your LGPS benefits. You may wish to get legal advice from your solicitor on how to deal with your LGPS benefits as part of any divorce/dissolution settlement. You may require information such as an estimate of the cash equivalent value (CEV) of your pension rights if you are going through a divorce or dissolution. You can request one current CEV of your pension rights per year free of charge. A current CEV will cover your total benefits and won’t be proportioned over your period of marriage. If you are a deferred member you can obtain a CEV from the My Pension Online service which you can save and print. A current CEV can’t be used for pension sharing purposes. If you are a pensioner, we can’t give you a current CEV.
If your LGPS benefits are subject to a Pension Sharing Order and you remarry, enter into a new civil or co-habiting partnership, any spouse's pension, civil or co-habiting partner's pension payable following your death will also be reduced. If you remarry or enter into a new civil partnership and then divorce or dissolve your civil partnership again, your remaining pension rights can be subject to further division, although a Pension Sharing Order cannot be issued if an Earmarking Order has already been issued against your LGPS pension rights. Similarly, an Earmarking Order cannot be issued if your pension benefits are already subject to a Pension Sharing Order in respect of the marriage / civil partnership.
Your ex-wife, ex-husband or ex-civil partner will stop being entitled to a widow's, widower's or civil partner's pension should you die before them. Any children's pension paid to an eligible child in the event of your death will not be affected by your divorce or dissolution. If you have nominated your ex-wife, ex-husband or ex-civil partner to receive any lump sum payable on your death, this will remain in place unless you change it. You can update your nomination by logging into the My Pension Online service or completing and returning a nomination form.
If the Court issues a Pension Sharing Order, or your benefits are subject to a qualifying agreement in Scotland, part of your benefits are transferred into your ex-spouse or ex-civil partner's possession. They will keep that share even if your or their circumstances change. Your ex-spouse or ex-civil partner will hold those benefits in his / her own right. They can be left in the Scheme and are normally paid from their Normal Pension Age or can be transferred to another qualifying pension scheme. Your pension and any lump sum will be reduced by the amount allocated to your ex-spouse or ex-civil partner at the point of divorce/dissolution.
The reduction to your benefits is known as a Pension Debit. The amount of the Pension Debit will be increased in line with the rise in the Consumer Prices Index between the date it was first calculated and the date your benefits are paid. When your benefits are paid, the revalued amount of the Pension Debit will be deducted from your retirement benefits. You may be able top up your benefits by buying extra Scheme pension, paying Additional Voluntary Contributions (AVCs) or Free Standing AVCs (FSAVCs), or by paying into a concurrent personal pension plan or stakeholder pension scheme in order to make up for the benefits 'lost' following a Pension Share.
If you require the CEV (Cash Equivalent Value) proportioned over the period of marriage a fee is charged. A proportioned CEV is required if you are entering into a Pension Sharing Agreement. The fee is as follows:
If you require a proportioned CEV, an invoice will be sent to you on receipt of this form by the Fund. No information can be provided until the fee has been paid.
Divorce or annulment proceedings must have begun under one of the following:
You can offset the value of your pension rights against the value of other financial assets in your divorce/dissolution settlement. For example, you could keep your pension, and your ex-spouse or ex-civil partner could get a larger share of the value of the house.