Your LGPS pension is separate from the State Pension, which the UK Government provides. Many pensioners will receive both.
The new State Pension:
Contracted Out Pension Equivalent (COPE)
Many LGPS members were previously “contracted out” of the additional State Pension. While contracted out, you and your employer paid lower National Insurance contributions. In return, LGPS provided you with a Guaranteed Minimum Pension (GMP). The Government calculates a Contracted-Out Pension Equivalent (COPE) to reflect this.
COPE does not mean you receive an additional payment – it represents the value already being provided by your LGPS benefits.