Official Statistics

Local government pension scheme funds for England 2010 to 2011

Details of the Local Government Pension Scheme in England in 2010 to 2011 were announced on 12 October 2011.

Documents

Local Government Pension Scheme Funds for England 2010-11

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Local Government Pension Scheme Funds for England 2010-11

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Pre-release Access list: Local Government Pension Scheme Funds in England 2010-11

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Detail

The latest statistics release includes data from 2006-07 to 2010-11 and updates those statistics previously released on 13 October 2010.

The key points from the latest release are:

  • Local Government Pension Scheme expenditure on benefits in 2010-11 was £6.7 billion, compared with £6.3 billion in 2009-10, an increase of 7 per cent
  • Income from employees’ contributions to the Local Government Pension Scheme in 2010-11 was £2.0 billion, a small decrease on 2009-10. Income from employers’ contributions to the scheme rose by 3 per cent to £5.9 billion in the same period
  • Income from investments rose by 5 per cent on 2009-10 to £2.7 billion
  • The market value of the funds at end of March 2011 was £143 billion. This represents an increase of 8 per cent on March 2010 and an increase of 47 per cent on March 2009
  • There were 1.6 million employees in the Local Government Pension Scheme at the end of March 2011, a 51 thousand, or 3 per cent, decrease over the figure for March 2010
  • The number of people leaving the Local Government Pension Scheme in 2010-11 because of redundancy increased by 40 per cent over the 2009-10 figure to over 17,600
  • The number of former employees entitled to deferred benefits rose to 1.3 million in 2010-11, an increase of 7 per cent over 2009-10 and an increase of 41 per cent over 2006-07.