Who will the proposed changes to the Local Government Pension Scheme effect?
The Local Government Pension Scheme (LGPS) covers Local Government staff, staff in Police, large numbers of people working in Higher Education, the Community and Voluntary Sectors, the Environment Agency plus many new members now working for private contractors. What are the Key issues? There are two key separate stages that members need to be aware of 1. The Government are bringing forward new regulations to alter the current retirement ages in the LGPS. 2. There will be a consultation on the Governments proposals for a totally new local government pension scheme to come into force from April 2008. It is these issues that we wish to take up with MPs of all parties in our lobbying work New Regulations The Government will be putting new regulations for the LGPS (England and Wales) before Parliament shortly with an implementation date of the 1ST April 2005: The regulations include the following measures: Retirement ages Currently you can retire at 60 on a full pension if you fulfil the 8
