LGPS definition final salary
Pension Remuneration (Final Pay). Top. As the LGPS is a final salary pension scheme, it is important that final pay is calculated correctly so that we can determine the correct amount of pension.ormally, the pension remuneration figure will cover the final 365 days of a member's employment (or fewer if they left within a year) although in order to protect the member's pension where their salary has been decreased, two additional alternatives are possible under the LGPS Regulations.