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Employer meeting 2020 slides and recording now available
You can now take a look at this year's employer meeting slides. The meeting was held virtually on 21 October 2020 using Microsoft Teams.  A recording of the meeting is also available to watch now.  …
Virtual employers' meeting 2020- last chance to register!
Our employers meeting is being held next week on 21 October 2020 between 10am and 11.30am. The meeting will cover : Impact of Covid-19 – an update from the administration team  LGPS latest news  …
£95k exit payment cap legislation will become law on 4 November 2020
The £95k cap legislation has gone through the House of Commons meaning this legislation will become law on 4 November 2020, before the LGPS regulations are changed. The exit cap legislation is called…
Exit payment cap may become law later this month
Ministry of Housing, Communities and Local Government (MHCLG) consultation on reform of exit payments in local government: Don’t forget, the consultation on the reform of exit payments in local gover…
Open consultation on reforming local government exit pay
Proposed changes to the LGPS regulations have been announced. These changes affect the automatic entitlement to unreduced pension benefits for members over age 55 who leave the scheme because of redun…
Pensions tax webinar - places available for employers
We've recently invited scheme members to a pensions tax webinar on the 9th October 2020 from 10am to 12pm which we're running with our Actuary, Mercer. We've only invited scheme members who we think m…
Agenda for the virtual employers meeting 2020 released!
Our annual employers meeting is being held on 21 October 2020 from 10am to 11.30am. We’re pleased to be able to keep you up to date on the latest news affecting the Local Government Pension Scheme. L…
Reminder to review your discretions policy
We've recently made some minor changes to our discretions policy template, after the introduction of amendment regulations in 2018 and 2019. This template can be shared with employers. We'd like to re…
Exit payment cap consultation update- respond to consultation
Last month we let you know that HM Treasury had published the long awaited Government response to the consultation on restricting exit payments in the public sector to £95,000. This was followed by th…
Annual benefit statements
Annual benefit statements 2020 are now available online - make sure you tell your employees!As part of our requirements under the LGPS regulations, we release benefit statements to our members by 31st…
Employer training and resources
The Local Government Association (LGA) have created a new area of the LGPS website where scheme employers can find dedicated resources and guides about the employer role. The Employer Resources sectio…
McCloud update and consultation
Consultation on amendments to the statutory underpin and data collection exercise to start On 16 July 2020, the Ministry of Housing, Communities and Local Government (MHCLG) released a consultation o…
Exit payment cap consultation update
On 21 July 2020, HM Treasury published the long awaited Government response to the consultation on restricting exit payments in the public sector to £95,000. This was followed by the draft regulations…
McCloud FAQs released
McCloud court case  - background When the LGPS changed from a final salary to a career average pension scheme in 2014, protections for older scheme members were introduced. Similar protections were p…
Are you letting a contract affecting LGPS members? Please let us know.
Making sure transferring employees (or former employees on a re-tender) have pensions protection, is a legal requirement. In most cases, this means that they should have continued access to the LGPS. …
Employer meeting 2020 - save the date
The time has come again to ask you to save the date for this year’s annual employer meeting. The employers’ meeting is taking place on Wednesday 21 October, exact times to be confirmed. As always, i…
Covid-19 frequently asked questions (FAQs) for employers
The Local Government Association (LGA) are regularly updating their website with FAQs around Covid-19 and pensions. These are aimed at administrators of the Local Government Pension Scheme (LGPS) sche…
Furlough reminder
We'd like to remind you again: If you're furloughing staff, please let us know as soon as possible so we can record this. We'll send you a spreadsheet to fill in and return to us. Please email pension…
Coronavirus webinar recording and slides for LGPS employers
On 15th and 19th May, the LGA ran LGPS webinars for employers. If you were unable to attend, you can find a recording of the webinar on the LGPS website. It's about 30 minutes long and particularly us…
Obtaining Independent Registered Medical Practitioners (IRMP) opinions during the pandemic
Association of Local Authority Medical Advisers (A L A M A) have confirmed that ill health applications should continue to progress during the pandemic. The following statement has been published on t…
Coronavirus Zoom webinar for LGPS employers
We've just been informed that the Local Government Association (LGA) Pensions Team are running a 30 to 40 minute Zoom webinar aimed at LGPS employers on: Friday 15th May 10:00 am Monday 19th May 10:…
Year end reminder- 30th April is nearly here
In March, the person in your organisation responsible for LGPS pension issues will have been sent  an email setting out the year end requirements. Attached to the email were: Form lgs121a – Year e…
McCloud update
The Government has confirmed that the McCloud judgment applies to all public service pension schemes. We must remind you that LGPS members don’t need to make an employment tribunal claim for the remed…
Important – Furloughed LGPS members
We want to draw your attention to the questions about furloughed staff on the LGPS FAQ page as pension benefits will be affected if members aren't getting 100% of their usual pay. Furloughed members s…
Do you need an IAS19 or FRS101/102 calculation?
Our fund actuary, Mercer, has released a news alert about accounting assumptions used in IAS19 and FRS101/102 calculations this year. Mercer issue this alert every year, however this year it's more de…
New employer webinar page!
Keep up-to-date on our latest webinar news by visiting our new employer webinar page. Here you'll find all information about our previous webinars, including recordings and slides. We'll also post new…
Contribution table 2020/21
Below are the employee contribution bands, which will be effective from 1 April 2020. They are calculated by increasing the 2019/20 employee contribution bands by the September 2019 CPI figure of 1.7%…
Covid-19 -employment issues
We’re waiting for some guidance from the Local Government Association (LGA) about how furloughed workers, enforced unpaid leave and staff transferred to the NHS will affect LGPS members. We’ll let you…
Covid-19 -Electronic signatures temporarily accepted
We understand some of our employers may be working from home due to Covid-19, and sending us signed leavers forms may be a problem.  During this period, we’ll accept leavers forms without a signatu…
Covid-19 -Changes to the way we're working
Changes to the way we're working due to Covid-19 Following latest government advice, the pensions team are now working from home. Whilst we'll have reduced access to printing and postal services, we…
Updated policies
Our communications policy and funding strategy statements have been updated. You can find these documents on the Fund strategies, policies and statements webpage, or under the Relates Pages link.
The LGPS and stock markets
We've recently sent out the following message to our members as advised by the Scheme Advisory Board (SAB).  "We want to remind our members that the Local Government Pension Scheme (LGPS) is a define…
Covid-19 -Important updates
We want to let you know that despite recent disruption due to the coronavirus, we're doing all we can to keep our service running smoothly and to manage the situation for our employers, members and st…
McCloud update- action for employers
When the government reformed public service pension schemes in 2014 and 2015, they introduced protections for older scheme members. The Court of Appeal ruled that younger members of the Judges’ and Fi…
DRAFT employee contribution banding table from 1 April 2020
DRAFT employee contribution banding table from 1 April 2020 In the table below you'll find the draft employee contribution bands which will apply from 1 April 2020. They're worked out by increasing t…
Year end webinar recording and slides
Thank you to those of you who virtually attended our webinar on Thursday 12 March about the year end process.  We would appreciate any feedback. The feedback form can be found under Related Links. I…
Valuation results
If you attended our employer meeting in November you‘ll have been handed your initial valuation results on the day. Those of you who didn’t attend should have received your results by email.  To find…
Reminder about changes in employment
If you have employees who leave one role and start a new role the next day, we record this as a post number change unless you tell us it's a ‘new employment’, in which case, a PEN007 leavers form…
Funding strategy statement consultation
The Shropshire County Pension Fund is required by The Local Government Pension Scheme (England and Wales) (Amendment) Regulations 2004 to prepare and publish a funding strategy statement ('FSS').  An…
Have you booked on to the next employer webinar?
There's still time to register to join us on 12 March.  The next webinar we'll cover: Year-end process and forms to be completed I-Connect process and reminders Year-end in relation to annual…
'Introduction to the LGPS' webinar slides and upcoming webinar
In January we ran our first webinar for our employers. Thank you to those who attended. The slides are now available to view by clicking the link under Documents. Upcoming webinar on the year-end…
Why not attend an 'Understanding the employer role' workshop?
The Local Government Association (LGA) are running one day workshops in March and April over various locations across England. These workshops are aimed primarily at staff working for scheme employers…
'My Pension Online' has been given a makeover!
Do your employees use My Pension Online to keep track of their LGPS pension? Please let them know that it has a new look. The same information is still there but the layout makes it easier for memb…
Do you employ staff who are members of the NHS pension scheme?
Although not directly an LGPS issue, we’d like to make our employers aware that in November 2019, NHS England signed off on plans to pay the pension tax bills of clinicians if the tax charge arises in…
Pensions administration strategy statement updates
The pensions administration strategy statement has recently been updated. You can find this document on the Fund strategies, policies and statements page of our website or under Related Links.  The p…
Communications policy statement- We'd like your feedback
We have a communications policy statement which sets out how and when we communicate with you and our members. We use a variety of methods to make sure members can access their pension information whe…
Annual meeting 2019 video now online
The Shropshire County Pension Fund annual meeting took place on 28th November 2019 in the Council Chamber at the Shirehall. You can now watch the video of the meeting on the annual meeting web page.…
You're invited to our first LGPS webinar!
Looking to brush up on your LGPS pensions knowledge, or new to the world of pensions and need some guidance? Join us for a webinar on 'LGPS basics'. Date: 22 January 2020 Time: 10am-12pm Venue:…
Office hours over Christmas
The pensions office will close for Christmas on Monday 23 December 2019. We will re-open at 8.45am on Thursday 2 January 2020. During this time, if you have a query, you can email pensions@shropshi…
Pensions made simple - member videos
The ‘Pensions Made Simple’ member videos created in collaboration with the Local Government Association, are now available to view on our website. There are seven short videos in total which cover a…
Employer meeting 2019- Two weeks to go!
It's nearly time for our employer meeting, if you haven’t booked a place yet, don't worry, there's still time. It's important that someone from your organisation attends as the initial results of the…
Update contacts and signatories in your organisation
We're currently reviewing the contact forms and authorising signatories we hold for all our employers. We'll be contacting employers whose details may be out of date. If you receive an email, please h…
Employer meeting 2019
The next employers meeting will take place on 15th November 2019 from 9am to 1pm. We strongly recommend your organisation's attendance at this meeting, as it will provide the initial results of the…
Do you employ any casual or time-sheet staff?
When processing data for year end, we've noticed that some employers are not ceasing casual/ time-sheet staff and treating these members as leavers from the pension scheme, even when they haven’t work…
Latest news on McCloud judgement
Back in February, the Scheme Advisory Board (SAB) paused the cost management process due to uncertainty surrounding an on-going court case, known as the McCloud and Sergeant case. As a reminder, the c…
Data retention policy for LGPS employers
The LGA has commissioned a data retention policy template which we encourage you to use and display on your website. The document sets out what data you should keep for members of the LGPS and for how…
Annual report for 2018/2019 published
The Fund's Annual Report & Accounts highlight the important issues affecting the Fund over the previous twelve months, together with full details about it's administration performance. Follow the…
Employers' meeting - have you booked your place yet?
This year's employers meeting is taking place on 15 November 2019. At this meeting, new employer rates will be given out. This will be a good opportunity to discuss the interim valuation results with…
LGPS 2014 payroll guide updated
The HR and Payroll guides have been updated and are available under the guides and sample documents page of the LGPS website (Link under 'Related Links'). The guides set out the requirements for payr…
Additional pension contributions (APCs) technical guide
The LGPS Secretariat has released further guidance for employers on how APCs work and how the amount of extra or lost pension purchased is added to a member’s active pension account. You can find…
LGA responds to exit payment cap consultation
The Local Government Association have released a response to the government's consultation on restricting exit payments in the public sector. Their response can be found under Related Links. Section…
Full scheme guide now available online
The LGPC Secretariat has released the latest LGPS full scheme guide for employees in England and Wales. This can be found on our Forms and Guides page, under 'Related Links', or by clicking the image…
New ill-health certificates
The LGA have recently released updated ill-health certificates for all ill-health retirements, Tier 3 reviews and deferred pensions into payment. These can be found on our ill-health pages in the empl…
Valuation reminder and employers meeting
We'd like to remind you once again that it's valuation year and it's important all relevant information is sent to us as soon as possible.  Initial results from valuation will be available at the emp…
SAB issues advice on cost cap and McCloud liabilities
Back in January we informed you of some scheme changes proposed by the Scheme Advisory Board (SAB), resulting from the cost management process taking place across all public service schemes including…
i-Connect downtime 4 pm Friday 17 May to Tuesday 21 May
i-Connect will be unavailable from 4pm on Friday 17 May until Tuesday 21 May due to an upgrade. Please make sure you've uploaded your i-Connect return before the system becomes unavailable. We apolog…
Local valuation cycle and management of employer risk consultation
Ministry of Housing, Communities and Local Government (MHCLG) have opened a twelve week policy consultation closing on 31 July 2019. It covers the following areas: amendments to the local fund valu…
New ‘Thinking of retiring’ guides out now!
We’ve just released new guides for active and deferred members who are thinking of retiring. These guides will be useful for your active members who are approaching retirement age or for those membe…
Revival of the exit payment cap
Back in May 2015, the government announced its intention to cap exit payments for public sector workers. It was proposed that a cap of £95,000 would apply to all types of payments in relation to indiv…
Employers Meeting 2019
Employers meeting – initial Valuation results 2019 This year's employers meeting is taking place on 15th November 2019 It's essential for the relevant staff (those responsible for LGPS issues or wo…
Brief guide to actuarial valuation
What is an actuary? In a nutshell, an actuary is a business professional who analyses the financial effects of risk. Actuaries use mathematics, statistics, and financial theory to study the uncertain…