Mark Whitehead 18 May 2016

Employers joining LGPS 'underestimate' obligations

The number of organisations signed up to the Local Government Pension Scheme (LGPS) has rocketed, but experts have warned that many underestimate the obligations involved.

The Pensions and Lifetime Savings Association (PLSA) says many members of the scheme including universities, charities and housing associations are now questioning whether they can afford to remain in it.

It says more than 10,000 employers are now members, an increase of 14% in 2013-14, while there could be thousands more schools joining if they become academies.

The PLSA is publishing a series of guides for employers in the local government scheme, the first of which will explain what they need to know before joining.

PLSA chief executive Joanne Segars said: 'The Local Government Pension Scheme provides some fantastic benefits for its members.

'But for employers there are significant legal, financial and administrative obligations which can cause a real headache.'

SIGN UP
For your free daily news bulletin
Highways jobs

Planning Administrator - Rochford District Council

Essex County Council
Up to £15.0000 per hour
Planning Administrator - Rochford District Council Rochford, Essex Part-Time, Temporary - 6 Months Contract 22.5 hours per week (3 days) £15.00 PAYE / England, Essex, Rochford
Recuriter: Essex County Council

Custody Navigator

Middlesbrough Council
£31,022 - £32,597
We have an exciting role on offer within our Youth Justice Service as a Custody Navigator. Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

Accounts Receivable Advisor

Middlesbrough Council
£27,254 - £28,142
We have an exciting role on offer within our Resident and Business Support service Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

Revenues and Benefits Apprentice

Mansfield District Council
National Minimum Wage rate
Do you have the confidence and communication skills to provide a friendly, helpful and efficient service? Mansfield, Nottinghamshire
Recuriter: Mansfield District Council

Team Leaders

Durham County Council
Grade 8 £32,597 - £36,363 (pay award pending)
Team Leaders – Opportunities are available across the County Durham Area   Salary
Recuriter: Durham County Council
Linkedin Banner