Statistics

Local government pension scheme funds for England: 2011 to 2012

Details of the local government pension scheme in England in 2011 to 2012.

Documents

Local government pension scheme funds England 2011-12

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Local government pension scheme SF3 data

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Local government pension scheme SF3: local authority level data

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Pre-release access list: local government pension scheme funds for England

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Detail

Details of the local government pension scheme in England in 2011 to 2012 were announced on 17 October 2012.

The latest statistics release includes data from 2007-08 to 2011-12 and updates those statistics previously released on 12 October 2011.

The key points from the latest release are:

  • local government pension scheme expenditure on benefits in 2011-12 was £7.5 billion, compared with £6.7 billion in 2010-11, an increase of 12%
  • income from employees’ contributions to the local government pension scheme in 2011-12 was £1.8 billion, a decrease on 2010-11 of more than 6%; income from employers’ contributions to the scheme in the same period also decreased, albeit by just 0.4%
  • in 2011-12, total expenditure accounted for 74% of the local government pension scheme income, up from 58% in 2007-08
  • income from investments rose by 13% on 2010-11 to £3 billion
  • the market value of the funds at end of March 2012 was £148 billion; this represents an increase of 4% on March 2011 and an increase of 52% on March 2009
  • there were less than 1.6 million employees in the local government pension scheme at the end of March 2012, a 66,000, or 4%, decrease over the figure for March 2011
  • the number of people leaving the local government pension scheme in 2011-12 because of redundancy was more than 27,400, an increase of more than 55% over the 2010-11 figure
  • the number of former employees entitled to deferred benefits rose to 1.4 million in 2011-12, an increase of 7% over 2010-11 and an increase of 35% over 2007-08

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