Briefing note issued on the costs of the LGPSJuly 15, 2015
A briefing note for members and employers has been published by the Shadow Scheme Advisory Board (SSAB) and will be used to assess the costs of the reformed Local Government Pension Scheme (LGPS) in England & Wales and aims to:
• give a broad overview of the background to the cost control processes,
• outline the differences between the cost control processes and local funding valuations, and
• detail the possible impacts on the benefits structure and / or employee contribution rates which could arise from the results of the cost control processes.
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