Planning Your Retirement - THE LOCAL GOVERNMENT PENSION ...

Opinion variesas to when is thebest time to plan for yourretirement. But whether youare planning your retirementway ahead, taking earlyretirement, or about toretire, the earlier you takeaction the better.Income in RetirementHere are some of the thingsyou need to consider:• Occupational Pensions includingyour Local Government PensionScheme (LGPS) pension• State Pension andother State Benefits• Investments• Other earningsThere are many sources ofinformation to help you make adecision about your retirement.You can contact the Fund aboutyour LGPS pension and yourPersonnel or Administration Officercan provide useful information tohelp you plan your retirement.You can ask your Personnel Officerif there is a pre-retirement courseavailable for you to attend. Thesecourses often cover many topics,not just your LGPS pension.State Pension ForecastA State Pension forecast tellsyou, based on current rates,the amount of State Pension youmay get based on your NationalInsurance contributions so far andthe amount you may get when youclaim it. You can get a forecast ifyou are living in the U.K. and aremore than 30 days away fromyour State Pension Age, contact:Future Pension CentreThe Pension ServiceTyneview Park, Whitley RoadNewcastle upon Tyne, NE98 1BAor Telephone 0845 300 0168Tracing Pension RightsIf you have lost touch with a previousemployer or pension provider andstill have pension entitlements withthem, the Pension Tracing Servicemay be able to help by providing youwith an up-to-date contact address.If you need to use thistracing service write to:The Pension Tracing ServiceThe Pension ServiceTyneview Park, Whitley RoadNewcastle upon Tyne, NE98 1BAor Telephone 0845 6002 537Remember to keep your pensionproviders up to date with anychange in your home address.6