William Eichler 01 June 2023

Consultation on £1.8bn LGPS change launched

Consultation on £1.8bn LGPS change launched  image
Image: docstockmedia / Shutterstock.com.

The Government has launched a consultation seeking views on changes to the Local Government Pension Scheme (LGPS).

In 2014, the LGPS changed from a final salary scheme to a career-average scheme, which included transitional protection known as an ‘underpin’ for members closest to retirement.

In 2018 the Court of Appeal ruled that these changes unlawfully discriminated against younger members.

In order to remedy the findings of the ‘McCloud’ case, the Government proposed extending ‘underpin’ protection to the younger members of the scheme.

The Government’s estimate of the costs of the ‘McCloud remedy’ for the LGPS suggest a total cost in the coming decades of £1.8bn.

However, costs to individual employers will be based on local valuations, taking into account their memberships’ experience, and so they will vary.

The consultation on the ‘McCloud remedy’ will run from 30 May 2023 to 30 June 2023.

Sign up here to receive our free daily news and jobs bulletin.

SIGN UP
For your free daily news bulletin
Highways jobs

Casual Support Worker

Oxfordshire County Council
£25992 - £28163
About Us Abingdon Community Support Service's primary purpose is to support adults to engage with a stimulating programme of meaningful individual and rewarding group activities. The Social and Community Services vision is to support and promote strong c Abingdon Community Support Service
Recuriter: Oxfordshire County Council

Quality and Review Support Assistant

Durham County Council
Grade 4 £25,583 - £26,824 Pro-rata
WHAT IS INVOLVED?   You will provide administrative, clerical and typing services to the Quality & Review Service, specifically in support of the Inde Spennymoor
Recuriter: Durham County Council

Duty Manager

Durham County Council
Grade 6 £28,142 - £31,022 per annum
We have an opportunity for a Duty Manager at Meadowfield Leisure Centre.  WHAT IS INVOLVED? You will be responsible for the day-to-day operation of t Durham
Recuriter: Durham County Council

Support Worker

Durham County Council
Grade 4 £25,583 - £26,824 Pro-rata
WHAT IS INVOLVED?   You should be an enthusiastic team player who takes pride in providing excellent customer service.  You will have good communicati Spennymoor
Recuriter: Durham County Council

Support Worker

Durham County Council
Grade 4 £25,583 - £26,824 Pro-rata
We have an exciting opportunity for a permanent Support Officer to join our dedicated team within Business Services (part time 22 hours).   WHAT IS IN Durham
Recuriter: Durham County Council
Linkedin Banner