Whether you're planning your own retirement or supporting a team member through theirs, the following guidance aims to help you navigate the journey with clarity and confidence.

The following steps set out the roles and responsibilities where an employee is retiring.  

  1. In order to retire from the council and access your pension, you must submit your intentions to retire in writing to your line manager, specifying your final date of employment.
    • NB – Wherever possible, you should aim to notify your manager at least 3 months prior to your retirement date to avoid any unnecessary delays to your pension.
  2. Your manager will record your retirement in Oracle Fusion.
  3. Payroll will then receive this information via Oracle Fusion and then notify the Local Pensions Partnership Administration (LPPA).
  4. LPPA will calculate your pension and send you your retirement options forms to complete.
  5. You should complete your options forms and return those to LPPA as soon as possible (by following the steps in your letter) to avoid any unnecessary delays.
  6. If you have Shared Cost AVCs*, LPPA will contact your AVC provider to get an up-to-date valuation of your AVC.
    • NB – If you continue paying into your Shared Cost AVCs up until your last day of service, please be aware that your first pension payment will be delayed. This is because your LGPS pension can’t be paid until your Shared Cost AVC has been withdrawn by your Shared Cost AVC provider, which can only happen on or after your retirement date. Learn more about the process.

There are several types of retirement available, so it's really important to understand what each option involves.

Please speak to your manager about these policies.

Business efficiency

  • Business efficiency (early retirement) policy
  • Consider retirement on the grounds of business efficiency

Early retirement

  • Early retirement policy
  • Arrange early retirement (for employees aged 55+)

Flexible retirement

  • Flexible retirement policy
  • Consider a request for flexible retirement

Re-engagement following retirement

  • Re-engagement following retirement policy statement for members of the Local Government Pension Scheme (LGPS)

Upon receipt of a notification of retirement, you will need to record this on Oracle Fusion, so that our Payroll team can notify the Lancashire Pensions Partnership Administration (LPPA). You should do this as soon as possible, to avoid delays in the employee receiving their pension.

The following steps describe the process for inputting the retirement. You can also refer to the Terminate a Leaver from My Team process guide in Oracle Guided Learning, which will walk you through the process with prompts on screen.

  1. Log in to Oracle Fusion and search for the relevant team member.
  2. Log in using the Company Single Sign-On option on the first screen and then Work Account on the second screen.
  3. Click the My Team tab and then the Team Activity Centre button.
  4. Locate the employee who is retiring from your list of Direct Reports and click the … symbol towards the right of the screen. Click View More, if needed.
  5. Click Terminate Employment from Quick Actions.
  6. On the When and Why screen, input the Termination Notification Date (i.e. the date you were made aware that the employee is retiring) and the Termination Date (i.e. the employee's last day of employment with the council).
  7. In the Termination Action field, select Lancashire County Council.
  8. In the Termination Reason field, select the appropriate reason for retirement.
  • NB – It's really important to input the correct retirement reason, as this drives the actions that Payroll and LPPA (for LGPS) take, and an incorrect reason could delay payment of retirement benefits. If you are unsure which reason to select, please contact the AskHR Helpdesk on 01772 535355.
  • NB – A cost may be incurred by the employer if an employee takes flexible retirement or leaves due to redundancy or business efficiency. In these circumstances you must ensure an estimate has been obtained by your People Business Partner and any cost has been approved before submitting these reasons for retirement.
  1. Click Continue.
  2. On the Work Relationship Termination Information screen, complete any leave the overtaken or undertaken leave as appropriate.
  3. In the Seniority Dates screen click Submit.
  4. Click Submit.

Whether retirement is just around the corner or still a few years away, now is the perfect time to start planning for your future.

Our Preparing for Retirement Workshop is designed to help you feel confident and informed about what lies ahead.

Join us for an insightful and practical session covering key topics such as:

  • Navigating life changes with confidence
  • Understanding your Local Government Pension Scheme (LGPS)
  • Making the most of state benefits
  • Smart financial planning for retirement
  • Legacy planning to protect what matters most

This workshop is tailored specifically for employees in the LGPS and takes place on a regular basis at County Hall, Preston.

Secure your spot today and take control of your retirement journey: Preparing for Retirement Workshop

If you intend to retire, please follow the steps below.

  1. Access your pension record and estimate of your pension entitlement via PensionPoint on the LPPA website. Alternatively, you can wait for your pension options to be sent to you.
  2. Consider your Shared Cost AVCs if applicable.
    • NB – If you continue paying into your Shared Cost AVCs up until your last day of service, please be aware that your first pension payment will be delayed. This is because your LGPS pension can’t be paid until your Shared Cost AVC has been withdrawn by your Shared Cost AVC provider, which can only happen on or after your retirement date. Learn more about the process.
  3. Prepare a letter for your line manager in which you state that you intend to retire on [X] date and access your pension.
  4. Submit the letter to your line manager as soon as possible.
    • NB – You should aim to notify your manager at least 3 months prior to your chosen retirement date to avoid any unnecessary delays to your pension.

If you require any support in relation to the retirement / pensions process, please contact the relevant team below.

  • The AskHR Helpdesk can assist with queries relating to the retirement process. You can contact them by calling 01772 535355 (Monday-Friday 8am-5pm) or by raising a service request from the Helpdesk Module in Oracle Fusion.
  • The LPPA Contact Centre can support you in understanding your pension options, increasing your contributions, understanding your annual benefit statement, transferring your pension, updating your personal details and nominating a beneficiary. You can contact them by calling 0300 323 0260 (Monday-Thursday 9am-5pm, Friday 9am-4pm) or by using the member contact form on the Contact us page of the LPPA website.