News
Category: LGPS
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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Changes to buying additional pension contributions
The factors used to work out the cost of buying additional pension are checked and changed from time to time. The Ministry of Housing Communities and Local Government (MHCLG) issued revised factors on 14 March 2019 following a review by The Government Actuary’...
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Changes to when your members can take their deferred benefit
Last year we let you know about a change to the Local Government Pension Scheme rules, if your members left with a deferred benefit before 1 April 1998. We told you that the rules had been changed to allow them to take their benefit at the age of 55 (rather than 60)...
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