DCLG launches statutory pensions consultation

Ministers say that the £900m savings Treasury is seeking from the LGPS should come from increased contributions and adjusted accrual rates.

Ministers have proposed that the £900m savings Treasury is seeking from the local government pension scheme (LGPS) should come from a combination of increased contributions and adjusted accrual rates.

This is different from the original stipulation that average 3.2% rises in contribution tariffs from April 2012 would account for the entirety of the sum.

Jonathan Werran

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