The new LGPS 2014
Dedicated LGPS 2014 website - Merseyside
A further consultation on the new LGPS scheme opened at the end of March. You can find out more by following these links:
Department for Communities and Local Government
LGPS and Draft Regulations 2008 and 2013 Consultation
LGPS Consultation - Main section
Contribution bands 2013/2014
We have received confirmation of the revised employee contribution bands that will apply from 1 April 2013.
LGPS 2014 update - Joint statement
The LGPS 2014 Project Board has issued a Joint Statement updating the latest position regarding implementation of the LGPS 2014 proposals.
Open Consultation - Published 21st December 2012
The Department for Communities and Local Government (DCLG) have published an Open Consultation on the Local Government pension scheme 2014: draft regulations on membership, contributions and benefits. The consultation is open until 08 February 2013.
Local Government Pension Scheme 2014: draft regulations on membership, contributions and benefits
DCLG Statutory Consultation on Draft Regulations for LGPS 2014
Proposal to exclude counclliors from LGPS
On 19 December 2012, the Local Government Minister, Brandon Lewis, made a statement to the house setting out the Departments intention to remove access for councillors to the LGPS in England from April 2014. A copy of the statement is attached at Annex E (page 73) of the above draft consultation.
A seperate consultation paper will be issued at the earliest opportunity, as part of the planned consultation on the wider reform of the LGPS.
Further Updates
We will continue to provide updates on this web page as they are released. In the meantime, we are unable to comment any further.
November 2012
No new updates, however you may find the link below useful:
Dedicated LGPS 2014 Website - MerseysideNew Local Government Pension Scheme (LGPS) 2014
NEW LGPS PROPOSALS RELEASED
More information can be found on the LGPS website
CAREER AVERAGE REVALUED EARNINGS
The Government proposals include future pensions benefits being calculated on a 'career average revalued earnings ('CARE') 'basis. You can find a basic explanation on how 'CARE' schemes work (please note these are still only proposals and we will advise scheme members of any future developments in this respect)
New Local Government Pension Scheme (LGPS) 2014
Joint communications update
More information can be found on the national LGPS website