Pensions
The council is part of the national Local Government Pension Scheme (LGPS).
As a member of the LGPS you will get a pension paid to you when you retire as well as being entitled to other benefits.
Such as:
- life insurance cover
- a pension for your family if you die whilst employed by the council
- payments if you have to retire due to ill-health.
The LGPS is a very secure pension scheme because the amount members are paid is set out in law.
You are automatically enrolled in the scheme if you have a contract of more than three months with the council, but you can choose to opt out if you want to. into your pension.
How much does it cost?
If you work part-time or term-time you will only pay contributions on your actual pay. The council also contributes to the scheme on your behalf.
The real cost to you will be less because you do not pay tax on the amount you pay into your pension.
Teachers Pension Scheme
Teachers have their own pension scheme (Teachers Pension Scheme), and the cost of this scheme is between 7.4% and 12% depending on the pay band you fall into. The Council also contributes to this scheme.
