Public sector pension schemes should move to a career average revalued earnings system capped at pay of £75,000, the London Pensions Fund Authority says.
Rules protecting Local Government Pension Scheme members outsourced to work in the private sector could be scrapped following the withdrawal of similar benefits for central government employees.
UK - The deficit of the Local Government Pension Scheme has more than doubled to £100bn ($156.5bn) since the scheme's last triennial valuation, a study shows.
The deficit of the Local Government Pension Scheme has more than doubled to £100bn since the scheme's last triennial valuation, a study shows.
Mike Woodall explains why the devil will be in the detail with public sector scheme reform
The pensions industry has delivered a positive verdict on Lord John Hutton's interim report on public service provision.
Industry pressure is growing on Lord John Hutton to include a career average structure as part of a new public sector ‘hybrid' scheme.
Lord John Hutton should consider shifting public sector pensions to a career average structure to address the inequalities of final salary provision, local government employers say.
The Equality Act 2010 brings together much of the existing anti-discrimination legislation. It also introduces some new concepts to an already complex area. Richard Lee presents a brief checklist of the main elements relevant to DC pension arrangements...