Local government pension schemes will be free to reform the fund and deliver savings to government without imposing a 3.2 percentage point increase on employees' contributions, PP understands.
The LGPS has been granted autonomy to formulate its own package of reforms while still helping deliver additional savings of £1.8bn required for all schemes across the public sector by the Treasury...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
