Closed consultation

Local government pension scheme: changes to the local valuation cycle and management of employer risk

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Summary

Consultation seeking views on policy proposals to amend the rules of the local government pension scheme in England and Wales.

This consultation ran from
to

Consultation description

The consultation covers the following areas:

  • amendments to the local fund valuations from the current 3 year (triennial) to a 4-year (quadrennial) cycle
  • a number of measures aimed at mitigating the risks of moving from a triennial to a quadrennial cycle
  • proposals for flexibility on exit payments
  • proposals for further policy changes to exit credits
  • proposals for changes to the employers required to offer local government pension scheme membership

The proposals relate to the Scheme in England and Wales.

Documents

Local government pension scheme: changes to the local valuation cycle and management of employer risk

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Published 8 May 2019