Navigating entry into the LGPS: for local government contractors
The LGPS provides a good quality pension for its members. However participation in the scheme comes with potentially significant financial commitments and administrative responsibilities including:
- making regular contributions on behalf of employees and making additional contributions if the scheme is in deficit;
- facilitating communications with scheme members; and
- Setting up administrative processes for making payments and providing quality to data to the scheme when requested.
This guidance will help you to obtain a full appreciation of these obligations and any associated risks before entering into a local government contract.
If you would like to hear more about PLSA’s work in this area, and first sight of future editions of this guidance for employers, please email [email protected].