Guidance has been published by the Pensions and Lifetime Savings Association (PLSA) for employers participating in the Local Government Pension Scheme (LGPS).
The two pieces of guidance, launched at the PLSA's Local Authority Conference aim to help employers understand what they need to know before joining the LGPS. This included an introduction to the LGPS and assistance for local government contractors navigating entry into the LGPS.
It comes as LGPS figures reveal employers joining the fund increased by 14% between 2013 and 2014 alone. This consisted of 10,671 universities, charities and housing associations.
The association predicted this could grow even further over the next few years if some 16,000 state schools in England ultimately become academies.
PLSA chief executive Joanne Segars (pictured) said: "For employers participating in the LGPS there are significant legal, financial and administrative obligations which can cause a real headache. Many are beginning to question whether they can even afford to stay in the scheme.
"This is why the Pensions and Lifetime Savings Association is launching a new series of guides to help employers gain a better understanding of their duties as part of the LGPS and what they can do to help manage the issues. It's vital we support these employers to offer their employees the best possible access to saving for retirement."
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