The majority of the information contained in the active members area also applies to Councillors. However there are some differences which are outlined below.
There are different calculations for working out the value of your deferred pension depending on when you were a member of the scheme:
The pension you build up during each or any of the above periods is calculated separately and added together to get your total pension.
Career Average Pay is the average pay you received over your LGPS membership. In calculating your average pay, the pay you received each year while in the pension scheme is revalued so it keeps up with the cost of living. Your revalued pay for each year is added together with the total divided by your membership to get your Career Average Pay. This figure is then used to work out your benefits in the old career average scheme up to 31 March 2015.
Members with pension on hold until later in life (deferred members) can now view their 2024 pension statement online at My Pension+.
Unaudited Annual Accounts 2023-24 are now available for public inspection.
Unaudited Annual Accounts 2023-24 available in June for public inspection.
At the North East Scotland Pension Fund (NESPF), we try to make easing into retirement as smooth as possible for our 76,000 members.