News
Category: LGPS
Funding Strategy Statement Consultation
Earlier this year the LGPS regulations on the payment of exit credits to exiting employers when there is a funding surplus were changed. Following this change we have published a revised draft Funding Strategy Statement for consultation. The Statement sets out our...
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Actuarial valuation – 31 March 2019
The 2019 valuation is now complete and all employers should have had confirmation of their new contribution rates. The valuation reports, funding strategy statements and investment strategy statements are published within the key documents section of our website. The...
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Joint admin authority response to exit cap consultation
LGA response – restricting exit payments
Government appeal denied in McCloud and Sargent case
The McCloud and Sargent cases concern the transitional protections given to members of the Fire Fighters and Judges Pension schemes, who in 2012 were within 10 years of their normal retirement age, as part of public service pensions reform. These protections were...
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Exit payments cap summary
The government first announced plans to cap exit payments in the public sector in 2015. On 10 April 2019 HM Treasury (HMT) launched a consultation on draft regulations, guidance and Directions to implement the cap. This document summarises the proposals as they relate...
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