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

Damp Surveyor

Royal Borough of Greenwich
PO4 - £49,056 - £52,194
Damp Surveyor (DMC)
Recuriter: Royal Borough of Greenwich

Project Support Officer

Essex County Council
£28402.00 - £33413.00 per annum + pension
Project Support OfficerFixed Term, Full Time£28,402 up to £33,413 per annumLocation
Recuriter: Essex County Council

Park Operations Assistant (Great Notley Country Park)

Essex County Council
Up to £13.46 per hour
Park Operations Assistant (Great Notley Country Park)Permanent, Part Time£13.46 per hourLocation
Recuriter: Essex County Council

Director of Legal and Governance

Cumbria Combined Authority
£109,000
The new Cumbria Combined Authority has been established to unlock that potential. Cumbria
Recuriter: Cumbria Combined Authority

Executive Director of Finance

Cumbria Combined Authority
£131,000
The new Cumbria Combined Authority has been established to unlock that potential. Cumbria
Recuriter: Cumbria Combined Authority
Linkedin Banner