Website News 2017
In May, the Fund will post a P60 End of Tax Year Certificate to everyone who received a pension from us in the 2016/2017 tax year.
Just a reminder, that LGPS pensions are paid monthly, no later than the 10th of each month. If this should fall on either a weekend or bank holiday, your pension will be paid on the Friday before the 10th.
The Fund has recently received a number of incorrect requests from pensioners who wish to change their bank or building society details.
The government has confirmed the employee pay bands and contribution rates which will operate in 2017/2018.
The Fund has published our annual newsletter for LGPS pensioners, ‘The Honeypot’. This issue's leading article describes the 1% increase to local government pensions from 10 April 2017.
A printed copy of this newsletter, will be posted to pensioners' home addresses shortly.
Download 'The Honeypot 2017' (February 2017, PDF, 4 pages, 729KB)
Local government pensions will increase by 1% from 10 April 2017 in line with the government's method for increasing public sector pensions, namely the increase in the Consumer Prices Index in the 12 months to 30 September 2016.
A consultation on how to treat Guaranteed Minimum Pension (GMP) for members of public service pension schemes who reach State Pension Age after 5 December 2018, is now open.
The government is seeking views on how to address the issues of equalisation and indexation of the new State Pension and has set out a number of options.