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

Senior Health and Safety Risk Advisor

North Yorkshire Council
£42,839 - £47,181 per annum
Are you able to make sound, evidence‑based and proportionate health and safety decisions? Scarborough, North Yorkshire
Recuriter: North Yorkshire Council

Health and Safety Advisor

North Yorkshire Council
£34,434- £42,839
Are you someone who can support and mentor educational clients to make impactful health and safety related decisions? Wetherby, West Yorkshire
Recuriter: North Yorkshire Council

Learning Disability & Autism Transforming Care Case Manager

Essex County Council
£44952 - £52884 per annum + Hybrid Working
This is a part time position for 22.2 hours per week with flexibility to agree working pattern. The pro rata'd salary range is £26,971 to £31,730 per England, Essex, Chelmsford
Recuriter: Essex County Council

Assistant Director for Estate Strategy and Development  

Derbyshire County Council
£71,202 - £77,495 per annum
We are seeking an ambitious and strategic leader to join our senior management team as Assistant Director for Estate Strategy & Development. Matlock, Derbyshire
Recuriter: Derbyshire County Council

ESCA Development Assistant

Essex County Council
£25959.0000 - £27613.0000 per annum
ESCA Development AssistantFixed Term, Full Time£25,959 to £27,613 per annumLocation
Recuriter: Essex County Council
Linkedin Banner