I can’t afford to stay in the LGPS, is there any alternative to opting out?

Yes, there is a 50/50 option in the LGPS 2015. This means that you can pay half your contribution rate and build up half the benefit whilst retaining full value of other scheme benefits such as death in service lump sum and ill health cover.

50/50 allows flexibility in times of financial hardship. It’s a short-term measure for when times are tough. Every three years at an employer automatic re-enrolment date, those in the 50/50 section will be re-enrolled into the main section of the Scheme.

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