New Scheme LGPS 2014 and Contribution Setting. Mike Allen Director of Pensions. New LGPS 2014. New LGPS 2014. Summary of Changes What’s next. Summary of Changes. Increased Retirement Age. Linked to State Pension Age SPA: currently 65 66 by October 2020 67 by 2028 68 by 2046.
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Director of Pensions
66 by October 2020
67 by 2028
68 by 2046
Separate pay figures will be required for Actual Pay (new scheme) and Final Pay (protected benefits) e.g.:
Further Regulations/Consultations due on:
Briefing note on key issues
Revised on-line notifications and Guides
Newsletter/formal notification of changes