News on the LGPS for Councillors
Following on from the written ministerial statement to Parliament on the 19th December 2012 regarding Councillors’ access to membership of the LGPS from 1 April 2014 onwards and the subsequent formal consultation on the matter, The Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014, have now been made.
The position regarding Councillors access to membership of the Local Government Pension Scheme from 1 April 2014 is now as follows:
A councillor member of the LGPS on 31 March 2014 may continue to accrue pension rights under their existing arrangement until the end of the term of office they are serving on 1 April 2014.
A current councillor member will therefore continue to pay employee pension contributions at the rate of 6% from 1 April 2014 until they either opt out of the LGPS, their term of office ends or they are re-elected, when membership will cease.
Any new councillors, existing councillors that are not already active councillor members of the LGPS, and those that are re-elected after 1 April 2014 will no longer have access to membership of the LGPS from 1 April 2014.
The scheme –
As a councillor member of the LGPS you have life cover from the moment you join, with a one off lump sum equal to twice your career average pay becoming payable if you die in service whilst a member. To make, or amend a nomination, please complete form EOW1C for Cambridgeshire Fund members or EOW1C for Northamptonshire Fund members.
Guide and information
For further information please read:
- Councillors Guide to the LGPS (February 2017)
- More details on the LGPS for councillors can be found on the LGPS website.
- Please use the Update Form form for any personal circumstance updates.