The Greater Gwent (Torfaen) Pension Fund is part of the national Local Government Pension Scheme (LGPS).
If you join the fund you become a member and you will get a pension paid to you when you retire.
Members include people who work for Torfaen, Blaenau Gwent, and Caerphilly County Borough Councils, Monmouthshire County Council and Newport City Council, and a whole range of other organisations such as the local college, town and community councils who have applied to be part of the fund as well as other organisations who provide community services or carry out services on behalf of a local authority. More than 50 employers allow their employees to join the fund.
The LGPS is a statutory scheme. This means that it is very secure because the amount members are paid in retirement is defined and set out in law.
Teachers and operational staff in the police and fire and rescue service have their own pension schemes and are not part of Greater Gwent (Torfaen) Pension Fund.
The Wales Pension Partnership (WPP) was established in 2017. The WPP is a collaboration of the eight LGPS funds (Constituent Authorities) covering the whole of Wales and is one of eight national Local Government Pension pools.