There has been no change to the Local Government Pension Scheme contribution rates although the salary bands have been revised so some staff may fall into a lower band. As the LGPS is a funded scheme, it is hoped to agree all changes by April 2013 for implementation on 1 April 2014.
Regular updates can be found at www.port.ac.uk/departments/services/humanresources/pensions/updateonpensions.
Further information is also available on the pension scheme websites:
- Teachers’ Pension Scheme: www.teacherspensions.co.uk/sitecore/content/Shared-Content/News/Public-News/2012/February/Scheme-reforms-consultation.aspx
- NHS Pension Scheme: www.nhsbsa.nhs.uk/Pensions/2657.aspx
- Local Government Pension Scheme: www3.hants.gov.uk/pensions/pensionlatestnews.htm
Download the new rates for three schemes.