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ACTIVE MEMBERS' NEWS 2010
| DECEMBER |
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 Fund submits its Hutton response
The Fund has submitted its response to the second and final "Call for Evidence" by the Independent Public Service Pensions Commission, chaired by Lord Hutton of Furness.
As part of the response, the results of our recent Survey of members was included as an appendix. The Fund would like to thank the 1,952 active members who took the time to complete the survey.
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THE LATEST ISSUE of our newsletter for Local Government Pension Scheme (LGPS) members, beeline has been published. This edition leads on the effect of the June 2010 Budget on the future of the Local Government Pension Scheme (LGPS) together with a wide range of other pension related articles.
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| NOVEMBER |
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This fact sheet contains useful information in regard of the Government’s announcement to change the tax limits applying to pensions with effect from April 2011.
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 Hutton Review issues a new 'Call for Evidence'The Independent Public Service Pensions Commission chaired by Lord Hutton has issued a new "Call for Evidence" to inform its final report on public service pension provision. This call lists issues that the Commission wishes to consider in preparing its final report. The deadline for submissions is Friday 17th December. Details can be found on the Commission’s webpage.
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Fund Survey 2010
THE FUND would like to thank all 392 users who took the time to complete our 2010 survey, which was available to complete between 28 June 2010 and 1 November 2010. We will shortly report full findings. These will be invaluable in helping us shape our services to members in the future.
Congratulations to Mrs V Carrington from Liverpool, who won the prize draw of those Fund members who completed the Survey. Her reward is £25 worth of high street vouchers. Well done!
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| OCTOBER |
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PROVISIONS contained in the LGPS (Miscellaneous) Regulations 2010 which came into force on 30 September 2010, allow requests to combine previous periods of LGPS membership with your current active membership, even if your 12 month time limit has passed. You can read full details here.
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 Comprehensive Spending Review 2010THE CHANCELLOR OF THE EXCHEQUER has announced the Government's 2010 Spending Review. It outlines the government's spending plans for the next four years. You can download the document ‘Spending Review 2010’ from HM Treasury’s website.
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 Government tax relief announcementThe Government has announced that from April 2011, the Annual Allowance for ‘tax privileged pension saving’ will be £50,000 and that from April 2012 the Lifetime Allowance will be £1.5million. You can download the document ‘Restricting pensions tax relief through existing allowances: a summary of the discussion document responses’ from HM Treasury’s website.
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Hutton Review Interim Report published The Independent Public Service Pensions Commission set up in June to make recommendations on how public service pensions can be made sustainable and affordable in the future, has today published its interim report. The Commission will publish its final report in time for the 2011 Budget. You can download both the Report and accompanying Press Release.
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The Fund has published its Report & Accounts for the year ending 31 March 2010.
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| AUGUST |
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The Fund is delighted to have been shortlisted in three categories by Professional Pensions in its 2010 Awards.
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| JULY |
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The Fund’s ‘My Pension Online’ service will be unavailable on the afternoon of Saturday 31 July 2010.
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| JUNE |
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THE FUND would like to hear from you. We would be very grateful if you could spare a few moments to complete our 2010 Survey. If you are a member of Merseyside Pension Fund you can be entered into a draw to win a £25 high street gift voucher of your choice.
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| APRIL |
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 Dependants' Guide
The Fund has published the April 2010 version of its Dependants' Guide. In the main, this guide deals with the Local Government Pension Scheme (LGPS) benefits payable to dependants on the death of a Scheme member. It explains who is eligible, how to make a claim, the necessary documents you need to produce and the procedures to follow.
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| MARCH |
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THE FUND has published a new poster informing members of the new earnings bands used to determine the contribution rate they will pay from 1 April 2010 to 31 March 2011.
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THE LATEST ISSUE of our newsletter for Local Government Pension Scheme (LGPS) members, beeline has been published. This edition leads on the latest regulatory changes to the Local Government Pension Scheme (LGPS) together with a wide range of other pension related articles.
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THE FUND with the assistance of its actuary, Mercer Limited, has produced a summary to aid understanding of the implications from 6 April 2010 onwards of pension, tax and NI changes affecting high income employees.
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THE LOCAL GOVERNMENT EMPLOYERS (LGE) has produced a leaflet setting out the implications from 6 April 2010 onwards of tax changes affecting high income employees with income (from all sources) of over £100,000.
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AS A RESULT of the negative (RPI) inflation (-1.4%) suffered by the economy in the 12 months up to and including September 2009, the earnings bands, from 1 April 2010 will remain unchanged from those used during 2009/2010.
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| FEBRUARY |
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THE FUND has published Fact Sheet 10, explaining recent changes to the LGPS which may affect the survivor’s pension payable on your death if you are in a registered civil partnership or have nominated a cohabiting partner to receive a survivor’s pension and you have LGPS membership before 6 April 1988.
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| JANUARY |
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THE FUND has published Fact Sheet 9, looking at what happens to your LGPS benefits on leaving your job before retirement if you pay into the LGPS on or after 1 April 2008.
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THE FUND has published Fact Sheet 8, exploring how your membership in the LGPS could be affected and your benefits reduced if you are off work for any reason.
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THE FUND has published Fact Sheet 7. This explains how members can transfer previous pension rights into the LGPS.
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THE FUND has published a new fact sheet in its series of guidance notes to members. Fact Sheet 6 details how the Scheme provides valuable life cover and financial protection to your family in the event of your death.
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