Pensions

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Pension Information for New Starters

As a new employee of Liverpool John Moores University (LJMU), you will be automatically enrolled into one of our workplace pension schemes on commencement of your employment.

Please see below for further details on the different pension schemes. 

Teachers' Pension Scheme

Your first point of contact for pension queries is the Pensions Team who you can reach via the LJMU HelpMe Helpdesk: helpme.ljmu.ac.uk – Select 'Finance Support' then 'Payroll and Pensions'.

Teachers' Pensions
11b Lingfield Point
Darlington
DL1 1AX
Telephone: 0345 6066166
 
Full details of the features of your pension can be found via the TPS website.

You should register with the 'MyPension Online' facility on the pension scheme website as benefit statements will only be available on-line from April 2016.

The key benefits of the scheme are:

  • Pension is salary related and index linked from the date of retirement, with no limit on the index linking.
  • On retirement you will automatically be paid a tax free lump sum if you joined the scheme before 1/1/07. Joiners after 1/1/07 have the option to convert part of their pension for a tax free lump sum.
  • Enhanced pension and lump sum paid early if you have to retire on ill-health grounds, at any age, and pension fully index linked.
  • Pension paid to spouse and eligible children on death in service.
    Lump sum paid, if death in service, of 3 times salary. eg 3 x £30,000 = £90,000 tax free
  • Opportunity to pay additional contributions to increase your income on retirement.Tax relief is given on these contributions.

Local Government Pension Scheme

Your first point of contact for pension queries is the Pensions Team who you can reach via the LJMU HelpMe Helpdesk: helpme.ljmu.ac.uk – Select 'Finance Support' then 'Payroll and Pensions'.

Merseyside Pension Fund
Castle Chambers
43 Castle Street
Liverpool
L69 2NW

Telephone: 0151 242 1332

Details of the features of your pension can be found via the pension scheme website at Merseyside Pension Fund

You should register with the 'MyPension Online' facility on the pension scheme website as benefit statements will only be available on-line from April 2016.
 
However, key benefits are:

  • Pension is salary related and index linked from the date of retirement, with no limit on the index linking.
  • It is possible at retirement to convert pension into extra lump sum.
  • Tiered ill health retirement package which could give you increased benefits, paid straight away, if you meet the criteria for ill-health retirement.
  • Pension paid to spouse, civil partner, nominated cohabitating partner and children on death in service.
  • Lump sum paid, on death in service of 3 times salary.
  • Opportunity to pay additional contributions to increase your income on retirement. 

LGPS related information:

Courses and Seminars

The Benefits and Wellbeing Team within HR can arrange pre-retirement courses aimed at increasing staff knowledge on the issues surrounding retirement and pension benefits.

Pre-retirement Courses

1 day course

These courses are held four times a year and are for staff approaching retirement. Specialist speakers make presentations on your Occupational Pension Scheme; the State Pension and other benefits; attitudes to retirement; tax and investments and leisure and learning opportunities. Staff are encouraged to attend the course at least 3-5 years before retirement.

Financial Awareness Courses

1 day course

These courses are held once a year for staff more than 5 years from retirement. Specialist speakers make presentations on your Occupational Pension Scheme and non-pension saving.

One to One Pension Sessions

These sessions are an opportunity to discuss any queries you may have regarding any aspect of either of the pension schemes supported by the University; The Teachers Pension Scheme or The Local Government Pension Scheme.