Welcome to the North Yorkshire Pension Fund website for members

Temporary delay to some pension calculations

Following a change to the SCAPE discount rate we are currently unable to complete some calculations. This may affect you if you’ve requested a transfer or divorce calculation, as they’re temporarily suspended pending new factors, expected in the coming weeks.

Improving access and fairness in the LGPS

Improving access and fairness in the LGPS The Government has introduced changes to the LGPS to make the Scheme fairer for all members. Most changes take effect from 1 April 2026, and some improvements apply retrospectively. You can find more information below.

Pensions Increase is 3.8% this year from 6 April 2026

The Pensions Increase (Review) Order, which is issued each year by central government, tells all public sector pension schemes of the increase that should be applied to pension benefits. Further information can be found at All Members>Pensioners>Pension Increase.

Lasting Power of Attorney

If you have a Lasting Power of Attorney (LPA) in place it’s important that you tell us the LPA reference number. This allows us to get a copy, update your pension record and help avoid delays in managing your pension benefits in any unforeseen circumstances.

Stop! Think Fraud

Visit the https://stopthinkfraud.campaign.gov.uk/ website for some great information about how to keep yourself safe from fraudsters.

Death Grant Nomination

As a member of the Local Government Pension Scheme (LGPS), you can nominate who or where you would like your death grant to be paid. Add or update your nomination details in ‘My Pension Online’ or complete the Lump Sum Death Grant Nomination form in Forms/Guides.

Online Pension Record

Don’t forget to use ‘My Pension Online’ to update your personal details, check your Annual Benefit Statement and do your own quotes, when you like and as often as you like. Register now if you haven’t already, visit the ‘My Pension Online’ page for details.

Your Pensions Team

Improving access and fairness

From 1 April 2026, changes to the LGPS have made benefits fairer and improved protection when you are away from work. The LGPS member website provides greater detail.

Fairer survivor benefits
Survivor pensions are now worked out more consistently. This means some payments may increase and, in certain cases, more people will be eligible. Where this applies, pensions will be recalculated and any money owed will be paid with interest.

Changes to death grants
Death grants can now be paid no matter how old the member was when they died (backdated to 1 April 2014). The North Yorkshire Pension Fund now has more flexibility when deciding who receives a death grant, which may reduce tax being paid in some cases.

Stronger protection when you are away from work
To help reduce the gender pensions gap, pension protection during unpaid leave has been strengthened. Pension will continue to build up during certain types of child related leave and short periods of authorised unpaid leave. Improved terms also apply if you buy back pension after longer periods of unpaid leave.

Do you know where all your pension savings are?

You may well have more than one pension from your working life!

There are billions of pounds out there in lost pension money... could some of that be yours, and go towards your pension pot? Visit gov.uk/find-pension-contact-details to get started.

Are you eligible for benefits?

Find out if you’re able to claim benefits support with the Nationwide’s ‘Better Off Indicator.’ It takes just a few minutes to complete and could make the difference between struggling with the cost of living and being better off. Visit their website at Check if you can claim for benefits | Nationwide

The North Yorkshire Pension Fund does not have a contractual relationship with the Nationwide and does not promote any other services they provide. If you choose to use the ‘Better Off Indicator’, the Fund is not responsible for any information that is provided.

Temporary delays to some pension calculations

To calculate certain benefits within the Local Government Pension Scheme, the Government Actuary’s Department provides a set of actuarial factors that are reviewed regularly. One of these factors is used to convert future pension payments into their present day value. This is known as the Superannuation Contributions Adjusted for Past Experience (SCAPE) discount rate.

Following a recent review, the SCAPE discount rate has been updated from Consumer Price Inflation (CPI) plus 1.7% to CPI plus 2%, with effect from 19 May 2026.

As a result of this change, transfer value calculations and those required for divorce proceedings must be temporarily suspended until the updated factors are issued. The Government has indicated that revised transfer factors are expected within the next few weeks, with updates to other actuarial factors to follow in the coming months.

Please be patient with the Fund during this period, as we will restart the affected calculations as soon as the new factors are received.

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