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

Casual Gallery and Visitor Information Centre Assistant

Ribble Valley Borough Council
Scale 1A scp 2
Duties are wide-ranging and include meeting and greeting customers and artists both in person and over the telephone Clitheroe, Lancashire
Recuriter: Ribble Valley Borough Council

Legal Assistant (Regulatory)

Middlesbrough Council
£29,542 - £31,015
The Legal Assistant will mainly work within the Regulatory Team. Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

Mobile Catering Assistant

Middlesbrough Council
£26,847 pro rata
You will have a responsibility for cleaning the dining hall and all general duties required to support the School Meal Service. Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

Highways Jobs - Online Advertising Packages

Highways Jobs
Competitive
Highways Jobs most cost effective recruitment solutions! Nationwide
Recuriter: Highways Jobs

Revenues and Benefits Assistant / Officer

Middlesbrough Council
£28,153 - £31,015 pro rata (depending on expereince)
This position is offered at Grade G and is therefore intended for suitably qualified and experienced candidates Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council
Linkedin Banner