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

Social Worker (FAST)

North Yorkshire Council
£38,220 - £42,839
A welcome from the Corporate Director of Children and Young People Richmond, North Yorkshire
Recuriter: North Yorkshire Council

(CE220) Graduate Trainee - LGR Programme

Ribble Valley Borough Council
£30,518 to £32,061 per annum pro rata
Ribble Valley Borough Council is preparing for significant change as part of Local Government Reorganisation (LGR) Clitheroe, Lancashire
Recuriter: Ribble Valley Borough Council

Social Worker (MAST)

North Yorkshire Council
£38,220 - £42,839
A welcome from the Corporate Director of Children and Young People Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Social Worker (FAST)

North Yorkshire Council
£38,220 - £42,839
A welcome from the Corporate Director of Children and Young People Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Inspection Coordination Officer

North Yorkshire Council
£47,181 – £51,356
North Yorkshire is England’s largest county and a beautiful, vibrant place to live and work. North Yorkshire
Recuriter: North Yorkshire Council
Linkedin Banner