Increasing Your Pension Benefits Oct 2018 | Page 4

1 Contents Background Page Are There Any Other Alternatives? 12 Where can I get more information? 13 Members of the Local Government Pension Scheme (LGPS) wanting to increase their benefits have several choices to consider. 6 Service Standards 13 • Buying additional pension in the LGPS. 7 Pensions Advisory Service 14 How can I get more information? 14 What To Do If You Are Unhappy With Our Service 15 If you want to make a formal complaint 15 Glossary 16 5 8 9 • Paying Additional Voluntary Contributions (AVCs) via the LGPS to the scheme’s AVC plan (commonly known as scheme AVCs or in- house AVCs) to increase retirement benefits. • Paying Free-Standing Additional Voluntary Contributions (FSAVCs) to a FSAVC provider of their personal choice. • Paying contributions to a concurrent personal pension scheme. • Paying contributions to a concurrent stakeholder pension scheme. Not all of these alternatives will, however, apply to every individual. This booklet sets out to provide you with basic information (or details of who you should talk to) on each of the above options. The meanings of words in bold type you will see in the text of this booklet are explained in the glossary starting on page 16. 2 Contents SouthYorkshirePensionsAuthority 3