Councils seek workers' accrual rate change to offset contribution hike

clock

Local government pension scheme employers are urging government to allow changes to member accrual rates instead of increasing contributions as part of public sector pension reform plans.

The Local Government Group, which represents councils, has told the Department for Communities and Local Government members should have the option of taking a reduced pension accrual rate for futur...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

PPF publishes 2024/25 annual report showing 'strong financial performance'

PPF publishes 2024/25 annual report showing 'strong financial performance'

Lifeboat fund says 6% return of its growth portfolio enabled its reserves to grow to £14.1bn

Martin Richmond
clock 11 July 2025 • 3 min read
DB transfer compensation continues to fall in Q2, Broadstone finds

DB transfer compensation continues to fall in Q2, Broadstone finds

DB transfer compensation continues to fall in Q2, Broadstone finds

Martin Richmond
clock 09 July 2025 • 2 min read
Partner Insight: Aon Member Options and Support

Partner Insight: Aon Member Options and Support

2025 Market Insights

Aon
clock 08 July 2025 • 1 min read
Trustpilot