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

Executive Director of Place and Customer

Essex County Council
up to £179,404 per annum
Shape the Future of Essex. Drive climate action. Deliver for our communities. Essex
Recuriter: Essex County Council

Director of Social Work and Social Care

Trafford Council
£100,731 to £104,625
You will join a values-driven senior leadership team, providing visible and responsive leadership. Manchester
Recuriter: Trafford Council

Cook - Care home

West Northamptonshire Council
£13.52ph
Southfields Care home Rated GOOD by CQC provides exceptional levels of support to older persons living with Dementia, Physical disabilities or /and Sensory impairments. Situated in a residential suburb in Northampton, offering a wonderful living environm Northampton
Recuriter: West Northamptonshire Council

Assistant Engineer Bridges and Structures

North Yorkshire Council
£31,537 - £42,839
We are looking for an assistant engineer or engineer to join our Bridges and Structures team. Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Environmental Services Contract Manager

East Devon District Council
£52,413 - £59,615 per year
This is a role with real strategic influence. From shaping policy and commissioning service improvements Devon
Recuriter: East Devon District Council
Linkedin Banner