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The 50/50 option

The Local Government Pension Scheme (LGPS) has something called the 50/50 option. This is open to you once you are a member of the main section of the scheme, and offers lower cost membership by allowing you to pay exactly half the standard contributions, in return for half the pension benefits for yourself.

  • If you choose the 50/50 option, you will pay half the standard contributions and you will build up exactly half the pension you would do if you stayed in the main section.
  • The 50/50 option will not reduce your lump sum life cover you have as a member. This will still be worked out as if you were in the main section (3 times your assumed pay).
  • The 50/50 option will not reduce any cover you have of pensions for dependants if you die. These will still be worked out as if you were in the main section
  • The 50/50 option will not reduce any ill health cover you may have. If you retire on ill health under tiers 1 or 2 whilst in the 50/50 option the amount of any extra pension is worked out as if you were in the main section.

Please use the form below to switch from the main section into 50/50 or to go back from 50/50 into the main section.

Please read the notes on the form carefully to understand the option you are making.

50/50 option form (94 KB) Link to Adobe PDF Document

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