What your pension fund or employer must tell you
Basic information about the Scheme
Your pension fund must provide you with basic information about the LGPS when you first join the Scheme. This includes how your benefits are worked out and how member and employer contributions are worked out. It must provide this information within:
- one month of the date your employer told the pension fund that you joined the Scheme and provided your personal and contact details, or
- two months of the date you became a member of the LGPS.
Your pension fund must also provide this information if you request it.
Decisions about the LGPS
Your employer and pension fund will make decisions about your membership of the LGPS and the benefits you are entitled to. They must let you know about those decisions as soon as possible. When your pension fund works out the amount of pension you are entitled to, they must tell you how they have calculated it.
Your employer is responsible for deciding what contribution rate you must pay. They must tell you what that rate is when you first join the LGPS and whenever the rate changes.
Annual statements
Your pension fund must give you an annual benefit statement every year. They must provide a statement by 31 August each year to every active and deferred member. They do not have to supply a statement to you if you are receiving your pension.
Material changes to the Scheme
Your pension fund must tell you if any material changes are made to the LGPS rules. They must do this as soon as possible after the change. This must be within three months of the date the Scheme rules changed.
Pension fund annual report
Your pension fund must prepare and publish an annual report by 1 December every year. This report details the management and financial performance of the pension fund during the year.
Funding strategy statement
Your pension fund must prepare, maintain and publish a written statement setting out its funding strategy. The statement will set out how your pension fund takes account of social and environmental considerations.
Communication strategy
Your pension fund must prepare, maintain and publish a written statement setting out its policies on how it will communicate with members, representatives of members, prospective members and Scheme employers.