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Update on pensions

Local Government Pension Scheme

The LGPS 2014 will be introduced on 1 April 2014 and a dedicated website has been set up to inform pension scheme members of the changes and how they will affect them.

The site contains useful information about the scheme itself, including protection for those who were in the pension scheme prior to 1 April 2014, a new low cost 50/50 scheme, an explanation of ‘career average’ salary and much more. There is also an extensive list of frequently asked questions.

Teachers’ Pension Scheme and NHS Pension Scheme

The changes affecting the TP and NHS Pension Schemes will come into effect a year later than the LGPS on 1 April 2015.

The links in the November 2012 Update will take you to the latest information about those schemes.
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