Options for the future of the Local Government Pension Scheme

Close date: 29 September 2006

The Government consults on the four options for amendments that could be made to the Local Government Pension Scheme (LGPS). These are: an updating of the current scheme, with additional benefit improvements; a new final salary scheme; a new career-average scheme (where benefits are redistributed back towards shorter serving staff and those with lower career salary growth); and a new hybrid scheme with a career-average core but with a final salary option.
Consultation document:
Where next? Options for a new-look local government pension scheme in England and Wales