DEFERRED MEMBERS' NEWS ARCHIVE 2010
| DECEMBER |
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 Fund submits its Hutton response
The Fund has submitted its response to the second and final "Call for Evidence" by the Independent Public Service Pensions Commission, chaired by Lord Hutton of Furness.
As part of the response, the results of our recent Survey of members was included as an appendix. The Fund would like to thank the 1,952 active members who took the time to complete the survey.
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| NOVEMBER |
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Annual Benefit Statements were posted in the week commencing
22 November 2010 to those Scheme members with a deferred membership of the LGPS as at 1 April 2010. Those employees who left the Scheme after 1 April 2010 should receive their first annual statement as part of the 2011 production.
Applications for the early release of Deferred Benefits must be made directly to former employers who can consider applications for early payment on medical grounds from any age.
However, applications to former employers, for reasons other than medical grounds, can only be considered from age 55, unless membership of the Scheme commenced before 6 April 2006 and ceased before 1 April 2008, in which case applications may be considered from age 50 but would be subject to substantial tax penalties. |
 Hutton Review issues a new 'Call for Evidence'The Independent Public Service Pensions Commission chaired by Lord Hutton has issued a new "Call for Evidence" to inform its final report on public service pension provision. This call lists issues that the Commission wishes to consider in preparing its final report. The deadline for submissions is Friday 17th December. Details can be found on the Commission’s webpage.
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Fund Survey 2010
THE FUND would like to thank all 392 users who took the time to complete our 2010 survey, which was available to complete between 28 June 2010 and 1 November 2010. We will shortly report full findings. These will be invaluable in helping us shape our services to members in the future.
Congratulations to Mrs V Carrington from Liverpool, who won the prize draw of those Fund members who completed the Survey. Her reward is £25 worth of high street vouchers. Well done!
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| OCTOBER |
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 Comprehensive Spending Review 2010THE CHANCELLOR OF THE EXCHEQUER has announced the Government's 2010 Spending Review. It outlines the government's spending plans for the next four years. You can download the document ‘Spending Review 2010’ from HM Treasury’s website.
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 Government tax relief announcementThe Government has announced that from April 2011, the Annual Allowance for ‘tax privileged pension saving’ will be £50,000 and that from April 2012 the Lifetime Allowance will be £1.5million. You can download the document ‘Restricting pensions tax relief through existing allowances: a summary of the discussion document responses’ from HM Treasury’s website.
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Hutton Review Interim Report published The Independent Public Service Pensions Commission set up in June to make recommendations on how public service pensions can be made sustainable and affordable in the future, has today published its interim report. The Commission will publish its final report in time for the 2011 Budget. You can download both the Report and accompanying Press Release.
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The Fund has published its Report & Accounts for the year ending 31 March 2010.
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| AUGUST |
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The Fund is delighted to have been shortlisted in three categories by Professional Pensions in its 2010 Awards.
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| JUNE |
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THE FUND would like to hear from you. We would be very grateful if you could spare a few moments to complete our 2010 Survey. If you are a member of Merseyside Pension Fund you can be entered into a draw to win a £25 high street gift voucher of your choice.
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| FEBRUARY |
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THE FUND has published Fact Sheet 10, explaining recent changes to the LGPS which may affect the survivor’s pension payable on your death if you are in a registered civil partnership or have nominated a cohabiting partner to receive a survivor’s pension and you have LGPS membership before 6 April 1988.
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| JANUARY |
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THE FUND has published Fact Sheet 9, looking at what happens to your LGPS benefits on leaving your job before retirement if you pay into the LGPS on or after 1 April 2008.
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THE FUND has published Fact Sheet 7. This explains how members can transfer previous pension rights into the LGPS.
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THE FUND has published a new fact sheet in its series of guidance notes to members. Fact Sheet 6 details how the Scheme provides valuable life cover and financial protection to your family in the event of your death.
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