Brum to save millions from up-front pensions payment plan

By Dan Peters | 21 January 2020

Birmingham City Council will pay three years of pension fund contributions up front to save more than £17m, senior councillors agreed this morning.

The council will borrow so it can take advantage of a £25.8m discount offered by the West Midlands Pension Fund (WMPF) for paying in advance instead of monthly.

Want full article access?


Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

`

Already a subscriber? Login

Finance Pensions Councillors Birmingham
Top

Coronavirus Update

x

In light of the ongoing coronavirus crisis, some of you may not be able to receive your copy of TheMJ magazine. If you’d like to change your delivery address, please contact our subscriptions department at customer@hgluk.com
Read The MJ for free

OR
Keep up to date by subscribing to our daily newsletter

theMJ products