Changes have been made to the Local Government Pension Scheme (LGPS). These changes, unless indicated otherwise, come into effect from 14 May 2018 and are summarised below.
Latest news & announcements
The General Data Protection Regulation (GDPR) is a new set of European Union regulations due to come into force on 25 May 2018. It will change how organisations process and handle data, with the key aim of giving greater protection and rights to individuals.
The Avon Pension Fund already has procedures in place which comply with similar data protection principles under the Data Protection Act 1998. The new regulations will reinforce these existing requirements, and members are unlikely to notice a change in the service they receive from the Avon Pension Fund.
A recent High Court judgement has removed the requirement for members of the Local Government Pension Scheme (LGPS) to nominate their cohabiting partner to receive a survivor’s pension in the event of their death.
The outcome of this case effectively removes the requirement for a co-habiting nomination form from regulations and enables a LGPS administering authority to pay a partner’s pension, to the partner (who meets the definition of co-habiting partner set out in schedule 1 of the LGPS Regulations 2013) of a deceased member who died without completing a nomination form, and who left active membership on or after 1 April 2008 and prior to 1 April 2014.
If you are paying into the local government pension scheme (LGPS) you will receive an Annual Pension Benefit Statement from the Avon Pension Fund during August.
It shows the pension you have built up to 31 March 2017 as well as a future projection of your benefits if you remain paying into the scheme to your Normal Pension Age (NPA). This is the age you would retire and take your benefits without any reduction to your pension.
The statements will be posted out to you from mid to late August.
The Brunel Pension Partnesrship company is now recruiting for executive roles. Details can be found at: https://www.brunelpensionpartnership.org/en/news/2017/05/brunel-company-executive-role-recruitment
The LGPS Scheme Advisory Board (SAB) has asked that Local Government Pension Scheme members are encouraged to complete an online survey regarding the 50/50 section of the scheme.
The survey is available at: www.lgpsmember.org
It will only take around 30 seconds to complete as there are a maximum of three questions to be answered and submissions will remain anonymous.
As a member of the Local Government Pension Scheme (LGPS) you were previously ‘contracted out’ of the additional State Pension and therefore received a rebate on your National Insurance (NI) contributions. From 6 April 2016 this rebate ceased and the LGPS is longer ‘contracted out’.