Blackpool Local Government Branch

Attached you will find the agreement reached with the Local Government Association (LGA) over principles and a timetable for negotiation over contributions and the scheme design of the LGPS in England and Wales from 2014. The government accepted that the LGPS – as a funded scheme with a high proportion of low earners – was different to the other 'pay as you go' schemes and has therefore given the go-ahead for a longer period of negotiation, over the short and long-term issues. The government has also agreed to suspend the formal consultation on short-term savings while negotiations take place from January 2012.

You can download and read more in the latest Protect Our Pensions Newsletter (.pdf) here