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 Highways Inspection Officer

The Royal Borough of Windsor & Maidenhead
£39,526 - £43,613 per annum.
We have an exciting opportunity for a Senior Highways Inspection Officer to join us! Maidenhead, Berkshire
Recuriter: The Royal Borough of Windsor & Maidenhead

Co-ordination Support Officer

Wakefield Council
Grade 5 SCP 8 £26,824 - SCP 11 £28,142
Do you have excellent business administration skills with an interest in working in Adults Social Care? Wakefield, West Yorkshire
Recuriter: Wakefield Council

Engineering Team Manager (Transportation)

Calderdale Metropolitan Borough Council
Special A Grade, SCP 42-45, £53,460 - £56,732 per annum
Lead the way. Shape Calderdale’s transport future. Calderdale, West Yorkshire
Recuriter: Calderdale Metropolitan Borough Council

Social Worker Care Co-ordinator

Durham County Council
£35,412 - £39,152 (pre-progression) / £40,777 - £45,091 (post-progression) pro rata pa
We are seeking a dynamic and motivated Social Worker who places young people at the centre of their practice. This is an exciting opportunity to make Spennymoor
Recuriter: Durham County Council

Accommodation Officer

Durham County Council
Grade 7 £30,024 - £33,699
Are you passionate about preventing homelessness and making a real difference in people’s lives? As an Accommodation Officer in our Independent Livin Seaham
Recuriter: Durham County Council
Linkedin Banner