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

Education Navigator - Integrated Front Door

Cheshire East Council
£43,149 - £49,658 per annum
Are you passionate about making a positive difference to the lives of children, young people and families? Macclesfield, Cheshire
Recuriter: Cheshire East Council

Executive Director of Finance and Assets (Section 151 Officer)

West Surrey Council
£161,239–£177,363
You will also lead a more strategic approach to West Surrey’s assets, income and commercial activity. West Surrey
Recuriter: West Surrey Council

Technical & Validation Officer

Ashfield District Council
£29,542 - £32,046 per annum
We have an opportunity available for a Technical & Validation Officer Kirkby-in-Ashfield, Nottingham
Recuriter: Ashfield District Council

Environmental Services Operative (Driver)

Ashfield District Council
£27,274 - £29,071 per annum
Where applicable the skills, qualifications and memberships required for this job have also been included. Sutton-In-Ashfield, Nottinghamshire
Recuriter: Ashfield District Council

Environment Area Supervisor

Ashfield District Council
£33,119 - £35,570 per annum
We are seeking an experienced, forward-thinking and highly motivated operational team leader Sutton-In-Ashfield, Nottinghamshire
Recuriter: Ashfield District Council
Linkedin Banner