LGA - Councils respond to CPS report on Local Government Pension Scheme | Wired-GOV Newswire (news from other organisations)

Tuesday 12 Jan 2016 @ 13:40
Wired-GOV Newswire (news from other organisations)

LGA - Councils respond to CPS report on Local Government Pension Scheme

LGA responds to the Centre for Policy Studies report calling for reform of the Local Government Pension Scheme

"The Local Government Pension Scheme remains cash positive. In 2014/15 some £3.15 billion was added to funds as a result of income once again exceeding expenditure across the scheme.

"Nevertheless, the deficit position is challenging for employers especially given the financial challenges still facing councils. The LGA is working with funds and other stakeholders both directly and via the Scheme Advisory Board on further reforms such as the pooling of assets in order to secure the long term affordability of the scheme."

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