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Barnett Waddingham head of public sector consulting Barry McKay
The desire of Local Government Pension Scheme (LGPS) authorities to maintain stability of contributions while (prudently) reflecting shifts in funding levels over the long term has recently (and understandably) been questioned by a wide range of voices from industry commentators to honourable members of the House of Lords.
Why, they ask, cannot employer contributions be drastically cut back when the scheme is so vastly overfunded – with funding numbers of 140% to over 200% quoted to back up the argument. Surely it wo...
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