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Background | LGPS Consultations |
Consultations
CONSULTATION ON REGULATIONS FOR THE NEW LOCAL GOVERNMENT PENSION SCHEME FOR SCOTLAND (14 February 2008)
Consultation Period 14 February 2008 - 27 March 2008
The Scottish Government today issued a Press Release to announce the agreement reached reached by SLOGPAG. A copy of the Press Release and Heads of Agreement document, signed by all parties involved in discussions, can be accessed by this link.
Consultation is now taking place on Regulations governing the new scheme, which consist of 3 sets of regulations as follows:-
- The LGPS (Benefits, Membership and Contributions) (Scotland) Regulations 2008
- The LGPS (Administration) (Scotland) Regulations 2008
- The LGPS (Transitional Provisions) (Scotland) Regulations 2008
The covering letter and relevant documents can be accessed on the links below.
Covering Letter (PDF 85Kb) Annex A - Scheme Benefits (PDF 20Kb)
Annex B - Derivation Table for Benefits Regulations (PDF 27Kb)
Annex C - Derivation Table for Administration Regulations (PDF 42Kb)
Annex D - Word version of Respondent Information Form
Benefits Regulations (PDF 110Kb)
Administration Regulations (PDF 474Kb)
Transitional Provisions (PDF 59Kb)
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PREVIOUS CONSULTATIONS
CONSULTATION ON PROPOSALS FOR THE NEW LOCAL GOVERNMENT PENSION SCHEME FOR SCOTLAND – PRESS RELEASE (30 JULY 2007)
Consultation Period 30th July - 31st October 2007
Proposals have been outlined for the new Local Government Pension Scheme (LGPS) in Scotland. These proposals have been jointly developed over the last 6 months by a tripartite group comprising of representatives from the Scottish Government, COSLA and Trades Unions. These proposals have been developed to meet the varied needs of a diverse workforce, balanced with the requirements of employers.
Among they key proposals in the new scheme are:
- Defined benefit final salary scheme, with a normal retirement age of 65
- Accrual rates of 1/60th with option to commute up to 25% of fund value into lump sum
- Increase in Lump sum death in service grants to 3 x final salary.
- Ill-health benefits. Two or three entry points proposed
- Dependants’ benefits payable in respect of widows, widowers, civil partners, plus unmarried partners who cohabit, at rate of 1/160th.
- Increased flexibility in the run-up to retirement
The consultation process is now underway and views and comments are welcomed from all those with an interest in the scheme. Responses received will inform final decisions on the key features of the new Local Government Pension Scheme for Scotland. The consultation process will close on 31st October 2007.
The Consultation Documents can be accessed by using the following links
Consultation Cover Ltr (pdf 64 Kb)
Consultation Paper & Questionnaire (pdf 822 Kb)
A copy of the Questionnaire can be downloaded as an ‘MS Word’ document for respondents who wish to complete the Questionnaire in typescript. Responses can either be sent by post to the Scottish Public Pensions Agency or submitted electronically to locgovpensionsreform@scotland.gsi.gov.uk by 31st October 2007.
If you wish to view previous LGPSconsultation documents please use the link provided