Who runs the LGPS?
The LGPS is one of the largest pension schemes in the UK. It is a national pension scheme for people working in local government or working for other employers that participate in the Scheme. The LGPS in England and Wales is administered locally by 86 local pension funds.
The Scheme rules can only be changed with the approval of Parliament. Changes to the rules are discussed at a national level by employer and employee representatives. Your pension fund must inform you if the Scheme rules change. They should do this as soon as possible, which must be within three months of the change.
The LGPS is a qualifying scheme that meets the Government’s standards for automatic enrolment. If you have chosen to opt out of the LGPS, your employer is required to bring you into the Scheme every three years, depending on your age and earnings. Find out more about how you may be affected by Automatic enrolment.
The LGPS is a registered public service pension scheme. This means that you receive tax relief on the contributions that you pay, subject to certain limits. You can find out more about these limits in the Tax section.
Local Pension Boards
Your pension fund must operate a Local Pension Board. The Pension Board helps the pension fund comply with the LGPS rules, overriding pensions legislation and guidance from the Pensions Regulator. The Pension Board is made up of equal numbers of employer and member representatives.