Local Government Pension Scheme Regulations

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The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the UK. It is a nationwide pension scheme for people working in local government or working for other types of employer participating in the Scheme. The LGPS in England and Wales is administered locally through 89 local pension funds.
 
The scheme regulations are made under the Superannuation Act 1972 and in the future will be made under the Public Service Pension Schemes Act 2013. Changes to scheme rules are discussed at national level by employee and employer representatives but can only be amended with the approval of Parliament. The Fund must keep you informed of any changes that are made.
 
The LGPS is a registered public service pension scheme under Chapter 2 of Part 4 of the Finance Act 2004. It achieved automatic registration by virtue of Part 1 of Schedule 36 of that Act (because the scheme was, immediately before 6 April 2006, both a retirement benefits scheme approved under Chapter I of Part XIV of the Income and Corporation Taxes Act 1988 and a relevant statutory scheme under section 611A of that Act).
 
This means, for example, that you receive tax relief on your contributions. It complies with the relevant provisions of the Pension Schemes Act 1993, the Pensions Act 1995 and the Pensions Act 2004.
 
The LGPS meets the government's new standards under the automatic enrolment provisions of the Pensions Act 2008.
 
 
LGPS responsibilities
 
Information
 
Merseyside Pension Fund is required to:
 
  • Issue Annual Benefit Statements to scheme members (other than to pensioners).
  • Have a statement setting out their policy on communicating with scheme members, members’ representatives, prospective members and employers. 
 
You are entitled to obtain a copy of the Local Government Pension Scheme Regulations 2013 (Statutory Instrument Number 2013 No.2356) and subsequent amendments and the Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014 (Statutory Instrument Number 2014 No. 525).
 
The regulations are available from The Stationery Office. A current version, including all amendments, is available on the website www.lgpsregs.org. A copy of the Regulations may be inspected at the Fund’s offices. In addition, you are entitled to view, and request a copy of, the Fund’s Annual Report and Accounts.      
 
To maintain the security of any information about you, the Fund is registered under the current Data Protection Act. You can check that your computerised personal record is accurate, although a small fee may be charged.
 
 
Decisions
 
The Regulations give specific responsibilities to employers and pension fund administrators, each of whom must make decisions in relation to some matters and can exercise their discretion in relation to others.
 
 
Funding
 
As a scheme member, you will pay contributions to the LGPS. Your employer currently pays in the balance of the cost of providing your benefits after taking into account investment returns.
 
Every three years, an independent actuary calculates how much your employer should contribute to the Scheme. The amount will vary, but generally the present underlying assumption is that employees contribute approximately one third of the scheme's costs and the employer contributes the rest.