Leave your AVC plan invested and use it later If you must take your AVC plan at the same time as you on or after 1 April 2014 take your main LGPS pension. <Only use the paragraph below for active members> If you flexibly retire If you flexibly retire from the LGPS i.e. with your consent you reduce your hours or move to a less senior position and you take some or all of your main LGPS benefits the rules about taking your AVC are slightly different, as set out below: if your AVC plan started before 13 November 2001 you must use all of your AVC plan in one of one or more of the ways described in options above at the same time as you take your flexible benefits. Your AVC plan will cease. if your AVC started on or after 13 November 2001 you can choose to take none, some or all of your AVC plan in one or more of the ways described in options above, and if you wish, you can continue paying into your AVC plan. A combination of the above options You can mix and match options as long as you are eligible for those options individually. Transferring your AVC plan You have the right to transfer your AVC plan independently of your main LGPS benefits to one of more different pension arrangements, even if you are still paying into the main LGPS scheme. However, there are certain conditions that must be met: you must have stopped paying AVCs in any LGPS employment you hold
Leave your AVC plan invested and use it later If on or after 1 April 2014 you must take your AVC plan at the same time as you take your main LGPS pension. <Only use the paragraph below for active members> If you flexibly retire If you flexibly retire from the LGPS i.e. with your consent you reduce your hours or move to a less senior position and you take some or all of your main LGPS benefits the rules about taking your AVC are slightly different, as set out below: if your AVC plan started before 13 November 2001 you must use all of your AVC plan in one of one or more of the ways described in options above at the same time as you take your flexible benefits. Your AVC plan will cease. if your AVC started on or after 13 November 2001 you can choose to take none, some or all of your AVC plan in one or more of the ways described in options above, and if you wish, you can continue paying into your AVC plan. A combination of the above options You can mix and match options as long as you are eligible for those options individually. Transferring your AVC plan You have the right to transfer your AVC plan independently of your main LGPS benefits to one of more different pension arrangements, even if you are still paying into the main LGPS scheme. However, there are certain conditions that must be met: you must have stopped paying AVCs in any LGPS employment you hold
FCAVC_app4v2.0t.docx