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PROPOSALS FOR LOCAL GOVERNMENT PENSION SCHEME

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Environment minister Sir Paul Beresford today announced the next steps to modernise the local government pension sc...
Environment minister Sir Paul Beresford today announced the next steps to modernise the local government pension scheme in England and Wales and to ensure that local government manages more of its own pension arrangements.

Sir Paul also confirmed that the new scheme provisions would come into force on 1 April 1998 to allow all concerned with the local government pension scheme to have sufficient time to prepare for the new arrangements.

In reply to a parliamentary question from Jacques Arnold MP (Gravesham), Sir Paul said :

'The LGPS will remain a public service pension scheme prescribed in regulations. The scheme's provisions will be streamlined and local authorities will be able to manage more of the scheme for themselves. We intend early in 1997/98 to make and lay before the House regulations giving effect to these changes.

'Our aim will be to provide easy-to-read regulations in plain English style to assist administering authorities and employers in the operation of the scheme and, in particular, to help scheme members to understand better the benefits available to them. We shall be consulting the local authority associations and other interested parties on drafts of these regulations which we intend to bring into force on 1 April 1998. This will allow adequate time for all the necessary administrative and other changes to be put in place and allow a smooth implementation of the new scheme provisions.

'I believe these measures will be welcomed by local government employers and employees alike and will provide a satisfactory and secure long term basis for the LGPS.'

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