The latest issue of our annual newsletter for LGPS pensioners, ‘The Honeypot’, has been published. This edition’s lead article focuses on the expected increase to local government pensions from April 2015.
Annual Benefit Statements are currently being printed for those employees who were active members of the LGPS as at 31 March 2014.
It is expected that these statements will be posted to members' home addresses during the week commencing 29 September 2014.
The Fund actuary, Mercer, has published its funding report after conducting the triennial valuation of the Fund as at 31 March 2013.
The Government has confirmed that local government pensions will rise by 2.7% from April. This increase is in line with last September’s inflation figure, as measured by the Consumer Prices Index (CPI).