Local Government Pension Scheme

28/09/2020

We have set this page up to keep our members up to date with the latest LGPS consultation concerning plans to cap exit payments at £95,000.

The attached documents will help to keep you informed of what is going on.

  • Latest LGPS update
  • UNISON Briefing on exit payment regulations
  • Model letter to send to your local MP to draw their attention and support to our campaign

 

UNISON - The £95,000 Public Sector Exit Cap - What it means for the Local Government Pension Scheme https://www.unison.org.uk/get-help/knowledge/pensions/local-government-pension-scheme/ The government is pushing through its threat to limit severance payments to a total value of £95,000 in the public service.

 

Redundancy and early retirement - difficult choices for LGPS members

https://www.pensionsage.com/pa/Redundancy-and-early-retirement-difficult-choices-for-LGPS-members.php Following regulations being laid over the summer implementing a cap of £95,000 on exit payments for public sector employees, the Ministry of Housing, Communities and Local Government (MHCLG) is consulting on the impact of the proposed reforms to exit payments made to local government employees. This includes changes that will affect redundancy payments and the early retirement terms available on redundancy. The consultation will close on 9 November 2020.

 

Cheshire Pension fund reveals its carbon footprint https://www.cheshireeast.gov.uk/council_and_democracy/council_information/media_hub/media_releases/pension-fund-reveals-its-carbon-footprint.aspx

A local pension fund has become one of the first in the country to report on the carbon footprint of its £6 billion investment portfolio. Cheshire Pension Fund has published its Climate Risk Report, which reveals that the carbon footprint of its equity investments is 30 per cent below the general market, represented by the FTSE All World Index which covers more than 3,000 companies in 47 countries.


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