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5. Pension

All staff are entitled to join the local government pension scheme (LGPS), which is run by Peninsula Pensions. Staff contributions are based upon salary, and range between 5.5% and 7.5% of pensionable pay. In addition to staff contributions, the council pays employer contributions.

As well as a pension upon retirement, the pension scheme provides for a number of other benefits including:

  • a tax free death in service benefit of 3 times pensionable salary
  • dependents pensions in the event of the death of the pension member