The Hutton report - updated
New Local Government Pension Scheme (LGPS) 2014
Joint communications update
More information can be found on the national LGPS website
Scheme change discussions
A proposed way forward for reform of the Local Government Pension Scheme has been agreed.
More information can be found on the Local Government Employers website
Independent Public Service Pensions Commission published their final report on 10 March 2011 setting out recommendations to the Government on pension arrangements in the public sector.
We are currently assessing this report and any potential impact to the Local Government Pension Scheme, in particular the Hampshire Pension Fund. Once we are in a position to comment or provide further clarification we will update our website with more information.
In the meantime you can find a copy of the final report by clicking on the HM Treasury Website
The Independent Public Service Pensions Commission issued its interim report on 7 October 2010.
The report acknowledges the importance of pensions as part of the remuneration of public sector workers, but states that the current provision is not sustainable. It does not however provide any specific proposals regarding changes to the scheme.
Protection will be given to pensions already accrued, as pension awards already made would not be changed and neither would the years pensionable service built up so far.
Useful Links
BBC News Website - Public sector pensions report explained
Hampshire County Council, The Castle, Winchester, Hampshire, SO23 8UJ
This page was last updated on 20 March 2012. © Copyright Hampshire County Council 2012.