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/Principal Regeneration Officer

Fareham Borough Council
£45,465 - £55,379
Our town centre regeneration is moving from planning to delivery, and we're looking for someone who wants to help make regeneration happen. Fareham, Hampshire
Recuriter: Fareham Borough Council

Senior Social Worker - Physical & Sensory Impairments

Essex County Council
£48205 - £57988 per annum
About the TeamWe're an adult social care team that wants to see citizens of Essex have as much choice and control over the way they live their lives England, Essex, Chelmsford
Recuriter: Essex County Council

Principal Building Control Surveyor - Maldon District Council

Essex County Council
£56850.4100 - £63170.1900 per annum
Maldon District Council is working in partnership with Essex Shared Services to recruit an experienced Principal Building Control Surveyor. This is a England, Essex, Maldon
Recuriter: Essex County Council

Corporate Support Officer - Maldon District Council

Essex County Council
£31609.6200 - £33561.5600 per annum
Maldon District Council is working in partnership with Essex Shared Services to support the role of Corporate Support Officer, a part-time position o England, Essex, Maldon
Recuriter: Essex County Council

Occupational Therapist - Physical & Sensory Impairments

Essex County Council
£38487 - £51845 per annum + Hybrid Working
This is a fixed term contract only for up to 10 months.Please note that visa sponsorship is not available for this role. Applicants must have a curre England, Essex, Chelmsford
Recuriter: Essex County Council
Linkedin Banner