UK - Employee contributions to the Local Government Pension Scheme could soar by 50% under proposals put out to consultation by the government.
Major changes also include raising the age at which local authority pensions can be paid from 50 to 55, looking at whether employee contributions should be raised, and ways of introducing flexible ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date