Broad comparability against the LGPS: important announcement
Broad comparability work against the Local Government pension scheme in England and Wales.
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The requirement to offer a broadly comparable scheme (‘the broad comparability requirement’) may arise as a consequence of the Pensions Directions under the Local Government Act 2003, the Cabinet Office Statement of Practice on Staff Transfers, the Government’s Fair Deal policy, a decision of the local authority or contracting authority or some other mechanism.
This announcement therefore affects local authorities/contracting authorities conducting procurements, contractors involved in those procurements and departments and other bodies responsible for machinery of government moves in the above circumstances. It may also be of interest to those advising on these matters.
Published: 27 November 2013