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

Director of Digital, Data and Technology

Tower Hamlets London Borough Council
£139,000 per annum
Shape the future of a digitally enabled borough Tower Hamlets, London (Greater)
Recuriter: Tower Hamlets London Borough Council

Director of Adult Social Care Commissioning

Tower Hamlets London Borough Council
£130,000 per annum
Transforming outcomes through integrated commissioning Tower Hamlets, London (Greater)
Recuriter: Tower Hamlets London Borough Council

Director of Adult Social Care

Tower Hamlets London Borough Council
£145,000 per annum
Leading innovative, strengths-based social care that enables residents to live fulfilling and independent lives Tower Hamlets, London (Greater)
Recuriter: Tower Hamlets London Borough Council

Director of People & Organisational Development

Sussex & Brighton Strategic Authority
Up to £120,000 per annum
Design the people foundations of a new organisation before they become someone else’s legacy. Hybrid, working across Sussex. Relocation support available
Recuriter: Sussex & Brighton Strategic Authority

Director of Law, Governance & Compliance (Monitoring Officer)

Sussex & Brighton Strategic Authority
c£120,000
Design how a new strategic authority governs itself, then lead it into its first mayoral term. Hybrid, working across Sussex. Relocation support available
Recuriter: Sussex & Brighton Strategic Authority
Linkedin Banner