Annual Report & Accounts 2014/15
Submitted by Administrator on September 29, 2015 - 12:55pmThe Fund has published its Report & Accounts for 2014/15. It details the Fund's investment and administrative performance for the year ending 31 March 2015.
The Fund has published its Report & Accounts for 2014/15. It details the Fund's investment and administrative performance for the year ending 31 March 2015.
A new single tier, flat rate State Pension is being introduced for people who reach State Pension Age on or after 6 April 2016.
This change will have an effect on the amount of National Insurance that you pay, as LGPS members are currently 'contracted out' of the additional State Pension.
Annual Benefit Statements are currently being posted to the home addresses of those who were active members of the LGPS as at 31 March 2015.
The Fund has published its annual newsletter for active members of the LGPS, ‘Beeline’. This issue clarifies some issues which have arisen since the introduction of the new Local Government Pension Scheme in April 2014 as well as providing information about changes to the State Pension from April 2016.
You may be interested to know that there are some changes to the governance arrangements for pension funds within the Local Government Pension Scheme.
These changes are part of the reform of Public Sector Pension Schemes which began in 2011.
It is important that you complete a Membership Form when you join the Local Government Pension Scheme (LGPS).