The following Pensions guidance note Produced in partnership with Gary Delderfield of Eversheds Sutherland (International) LLP provides comprehensive and up to date legal information covering:
This Practice Note relates to LGPS benefits accrued to 31 March 2014 and remains relevant to benefits accrued up to that date (which remain linked to final salary for active members) and to LGPS members who qualify for transitional protection. The post-2014 governance arrangements for the LGPS are covered in the Practice Note: The Post-2014 Local Government Pension Scheme.
The Local Government Pension Scheme (LGPS) is a statutory, public service pension scheme for local government and related employees in England and Wales. There are separate local government pension schemes in Scotland and Northern Ireland, but they are not covered by this Practice Note.
The LGPS changed from a final salary pension scheme to a career average pension scheme (also known as a Career Average Revaluation Earnings (CARE) scheme) on 1 April 2014. To achieve this, the LGPS Regs 2013 set up a new scheme for the LGPS from 1 April 2014, the post-2014 LGPS (which is the subject of Practice Note: The Post-2014 Local Government Pension Scheme).
The LGPS scheme previous to the post-2014 LGPS (the pre-2014 LGPS) came into force on 1 April 2008 and is the subject of this Practice Note. It relates to LGPS benefits accrued to 31 March 2014 and remains relevant to benefits accrued up to that date (which remain linked to
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