mccloud

GAD makes four recommendations for LGPS improvement in wake of 2019 valuations

The union is attempting to prevent firefighters having to pay the cost of discrimination

The government is seeking to implement a new contribution structure from next year

Comes after cost-control mechanism was paused following 2019 McCloud judgement

Bill will remedy discrimination against younger members following McCloud judgment

Only reformed schemes will be covered as the corridor is widened to 3%.

Tool to limit taxpayer costs and ensure fair benefits was expected to be ‘extraordinary’

MPs warn cost issues will take ‘generations to resolve’ as civil servants and emergency workers opt out of DB schemes

Local Government Pension Scheme (LGPS) teams are under more administration pressure than ever with the raft of regulation and legislation such as McCloud, according to a Pensions and Lifetime Savings Association (PLSA) panel.

The government has opted to proceed with its “deferred choice underpin” (DCU) route for implementing a remedy to the McCloud judgment for public sector workers.