LGPS to be allowed to amend Hutton proposals

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The government will allow the Local Government Pension Scheme to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements if it can justify it is "fairer" for members, a senior source close to government says.

PP was told HM Treasury will let employers and trade unions vary the government’s “reference scheme” – a CARE scheme with a 1/65th accrual rate – and use a lower accrual rate to keep final salary benefits...

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