News
Category: Northamptonshire
LGPS Employer Forums 2019
In May 2019, the Employers Team held two forums for employers participating in the Northamptonshire and Cambridgeshire Pension Funds, with a strong focus on the upcoming 2019 Valuation. The slides to accompany the forums are below. Cambridgeshire Girton College...
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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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Changes to survivor benefits for same sex spouses and civil partners
There’s been a change to the scheme rules so that survivor benefits payable to a same sex spouse or a civil partner are equal to those paid to the widow of a male member. The change is backdated to the date the civil partnerships and same sex marriages were introduced...
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Local Government Pension Scheme: New Fair Deal Consultation
The Ministry of Housing, Communities and Local Government (MHCLG) has launched a consultation on proposed changes to the Local Government Pension Scheme. These changes seek to introduce new regulations protecting the pension’s position of staff who are compulsorily...
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