News Archive - 2013

There were no news items in 2013.


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Scottish Local Government Pensions Advisory Group

Friday, 16 May 2014 13:54

Local Government Pension SchemeThe reform of the LGPS, as with all the main public sector pension schemes, follows Lord Hutton of Furness' report of March 2011 and the resulting Public Service Pensions Act 2013. The primary aim of The Scottish Local Government Pensions Advisory Group (SLOGPAG) is to facilitate the delivery of a scheme that takes a balanced consideration of the unique Scottish position, continues to provide valued benefits for scheme members, and is affordable, sustainable and fair to employers, scheme members and tax payers.

Read more: Scottish Local Government Pensions Advisory Group


Budget Announcement

Monday, 12 May 2014 07:37

HM TreasuryThe Budget announcement on the 19th March 2014 commenced a consultation on Freedom and Choice in Pensions.

The consultation sets out greater flexibility around the funds under a Defined Contribution pension when the individual concerned wishes to retire. Currently for these type of schemes legislation requires the member to invest in an annuity to purchase a pension going forward from retirement. The proposed greater flexibility applies to Defined Contribution schemes only. The consultation proposes a restriction on the ability of Defined Benefit public service pension schemes (which includes the Local Government scheme in Scotland) to transfer their benefits to Defined Contribution schemes.

The consultation is also considering increasing to age 57 from 2028 the national minimum pension age which reflects the minimum age a pension can be taken for tax purposes. The current national minimum pension age is 55.

The consultation runs until June 2014. You can find further details at:


scottish parliamentSpending Review 2012-13

In his Spending Review statement to Parliament on 21st September, the Cabinet Secretary for Finance, Employment and Sustainable Growth, Mr John Swinney, confirmed that unless the UK Government changes its position, the Scottish Government will have no choice but to reluctantly apply the increases in employee contributions for NHS, Teachers', Police and Firefighters' schemes in Scotland. However, Mr Swinney confirmed that the Scottish Government was not going to impose the increases on the Local Government Pension Scheme in Scotland. Cabinet Secretary's full statement

 The following bullet points may also help to clarify matters -

    • Ministers are the only people who can introduce a change in employee contribution rates – through legislation (subject to the approval of the Scottish Parliament);
    • Ministers have stated publicly, in Parliament, that they are not going to impose the increases to employees contributions in the Scottish Local Government Pension Scheme – that decision has been taken;
    • COSLA has campaigned for no increases – and Ministers have left the decision to those who manage the scheme, who are COSLA members;
    • Ministers would only revisit this if asked to do so by COSLA.

With regard to the longer term reforms proposed by the UK Government, Scottish Ministers will consider these in due course, to a timetable which best suits Scotland and will continue to engage with Unions and Employers throughout that process.


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Link to Scottish Government Website