Your annual benefit statement (for deferred members)
An annual benefit statement that gives you a summary of the estimated value of your pension.
On this page
Defined benefit scheme
The LGPS is a statutory, defined benefit scheme. It's built up using a fixed formula. This gives you a secure and guaranteed income every year when you retire.
This is the page for deferred members. If you are a contributing (active) member and want to find out more about your benefit statement, visit your annual benefit statement.
If you are a deferred member of the LGPS, this means you have left LGPS employment with a deferred pension but you haven’t yet retired and taken your pension. Your pension is revalued every year to make sure it keeps up with the cost of living. You can view the estimated value of your pension every year in your annual statement.
What your annual statement shows
The statement shows an estimate of the value of your pension, at the end of the year - if you were to take it now and as if you were entitled to an unreduced pension payment
You will receive a statement for each separate pension record.
You can also catch up with the latest news for deferred members in your annual Deferred Members Newsletter.
When you'll get your statement
If you are a deferred member of the LGPS your annual statement is available online by the end of June, and usually before.
How to view your annual statement
Online
Find your latest statement by heading to My Oxfordshire Pension. Log in and select 'Documents', then 'My documents'.
By post
If you have registered to keep scheme communication by paper, we will post the statement to your home address. Ensure that you keep your contact details for the LGPS in Oxfordshire up to date.
Get an estimate of your pension benefits
As well as the estimate on your benefit statement, you can get estimates of your benefits on My Oxfordshire Pension. You can get projections for benefits:
- if you leave the scheme before you retire (active members only)
- if you retire or retire early (active and deferred members)
- your dependants will receive when you die (all members).