Pensions Line Special March 2015

Pensions Line Special

2015/16 Local Government Pension Scheme (LGPS)

Contribution Rates

The Shadow Scheme Advisory Board made recommendations to the Department for Communities and Local Government (DCLG) that the approach to uprate LGPS employee contribution bands as laid out in regulations should be followed from April 2015. DCLG has confirmed its agreement to this approach. Therefore, with effect from 1 April 2015 the employee contribution bandings will be increased in line with the provisions of regulation 9(4) and 9(5) of the LGPS 2013 Regulations by 1.2% (Consumer Prices Index at 30 September 2014) rounded down to the nearest £100. A revised contribution table can be found here.