Merseyside Pension Fund is hosting four live online events for Active and Deferred members of the Local Government Pension Scheme (LGPS) in September.
In accordance with Regulation 2(3) of the Local Government Pension Scheme Regulations 2013 and following guidance received from the Secretary of State, we can now confirm that the early retirement factors have been updated with effect from 1 August 2026 and will be applied to benefits taken voluntarily before Normal Pension Age.
The Government has introduced changes to the LGPS to make the Scheme fairer for all members. Most changes took effect from 1 April 2026, and some improvements apply retrospectively.
The 2026/2027 employee pay bands and contribution rates will operate in the LGPS from 1 April 2026 until 31 March 2027.
The Fund has published its annual newsletter for LGPS pensioners, ‘The Honeypot’. This issue's leading article describes the 3.8% increase to local government pensions from 6 April 2026. A printed copy of this newsletter will be posted to pensioners shortly.
The Government has confirmed that local government pensions will rise by 3.8% from 6 April 2026. Local government pensions are increased each year in line with the cost of living to retain their spending power.
Merseyside Pension Fund is inviting expressions of interest from suitably qualified and experienced individuals, to act as a Local Pension Board representative for Active Members.
New 2026/2027 employee pay bands and contribution rates will operate in the LGPS from 1 April 2026.