Annual benefits statements
Find out about annual benefits statements from your Islington Council Pension Fund including what they are, what they include and links to more guidance.
Pension benefit statements are issued annually to active and deferred members of the Local Government Pension Scheme (LGPS). The statement gives you a summary of the estimated value of your pension but does not include any reductions that would apply if you were to take your pension benefits before your state retirement age.
By understanding the value of your pension and how it is calculated, you will be able to make better informed decisions in relation to your financial planning for the future and your retirement income.
The guidance notes for the benefit statements provide additional information to help you understand how the Local Government Pension Scheme works.
The 2025 statements do not include any additional benefits for the McCloud remedy. The work to apply the remedy for protected members is ongoing and we’re working hard to make sure that we have the right service information on members’ pension records. Your 2026 ABS will show how the changes affect you. It is still the case that very few members will have an increase applied to their pension because of the remedy.
Active members
Your employer at the end of each scheme year (1 April to 31 March) provides Islington Council’s Pension Fund with details of your pensionable pay. That information is used to update your pension account and to produce your annual benefit statement. Read the annual benefit guidance notes.
Deferred members
Your statement shows the current value (inclusive of index linking) of your deferred pension with Islington Council’s Pension Fund as at 7 April 2025. Read the deferred annual benefits statement guidance notes.