Proposals for a new LGPS in Scotland from 1 April 2009 have been announced by the Scottish Government. The new scheme is to remain a final salary scheme with a normal retirement age of 65. There are some improvements in benefits although contributions are set to increase for some members. Read our Member Briefing: A new LGPS from April 2009 for further details.
Pensioner advice slip changes
From June 08 we will no longer be sending monthly advice slip to pensioners. You can read about when you will recieve an advice slip in our How will my pension be paid section.
We've added two member updates to the news page. One is about a change to abatement: the policy of sometimes reducing a pension if a retired member goes back to work. From now on, only pensions arising from compensatory added years will be reduced. Firefighters will still be subject to abatement, but fire civilians will not. Read our member update on abatement to find out more.
The update on give as you earn introduces payroll giving. If you receive a Lothian Pension Fund pension, you can now donate to charity directly from your pension. Donating is simple and tax-efficient. Just fill in the form and return it to our payroll section.
In December, some Scheme rules changed. Any additional voluntary contributions (AVCs) will have to be made from your regular pay. One-off payments are no longer be accepted. Read our AVC member update to find out more.
Now members can also pay to have their service before April 1988 count towards civil partners' dependant pensions. Read our civil partner member update to find out more.
We will keep you
updated through member newsletters, Employer Bulletins and this site.
Following our recently reviewed on environmental, social and governance issues it was decided to extend voting and engagement activity to companies outwith Europe and we have therefore appointed Hermes Equity Ownership Services for issues outside Europe. Find out more in our press release.
