Devon Pension Services. Options for New Look Local Government Pension Scheme. WHY REFORM NOW?. Half of LGPS members are now estimated to work part-time and 72% of members are female.
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Options for New Look Local Government Pension Scheme
-”encourage scheme members, employers and members of the public to respond positively to this opportunity”
An updated current scheme
A new, final salary scheme with an improved accrual rate
Costed options consultation 30 June – 29 Sept 2006
Statutory consultation exercise
on proposals Nov 2006 – Feb 2007
Make and lay regulations April 2007
New-look Scheme in force April 2008
For more detailed explanation of these options and the questions that are being asked, refer to
Department of Communities and Local Government document called:
Where next? –
Options for a new-look Local Government Pension Scheme in England and Wales