Ministers have outlined their plans for the future of the local government pension scheme after employers and unions brokered a framework agreement on how to implement Lord Hutton's reforms.
Treasury chief secretary Danny Alexander said "headline agreements" had been reached with LGPS negotiators, including unions and employers, to fix the gross cost ceiling for the scheme at 20.4%, wi...
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
