Can I transfer in service from a previous occupational/personal pension scheme? If so, how much service will it buy in the LGPS?
When you start working for Devon County Council (or an employer contributing to the Devon Pension Fund), you must inform us of any previous pension benefits you may have accrued throughout your working life. This can take the form of initial interest indicated on your starter’s documents or a call to our office, both of which will result in us writing to you, requesting permission to contact your previous pension provider about a possible transfer of your pension entitlements. A definite application for a transfer of benefits must be made within the first 12 months of starting your LGPS membership; otherwise you risk losing your right to transfer-in previous service. Other occupational pension entitlements rarely buy day-for-day service when transferred into the LGPS. Your transferred service will probably show less days/years than it previously had shown. However service transferred from other LGPS administrators – often referred to as an ‘Interfund transfer’ – should always purchase
