More than half of Local Government Pension Scheme (LGPS) members who responded to a recent survey on the Government's proposed reforms have warned they would opt out of the scheme, if ministers impose higher costs on staff.

A survey of 1,000 LGPS members collated by the GMB trade union last week found that 55% of respondents could leave the £150bn retirement fund, if ministers proceed with plans to increase staff contributions by 1.5% and reduce benefits.