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 defined benefit pension and is not linked to stock market changes or performance of investments. Benefits are set out in law. Although short term investment values may change, the LGPS as a long-term investor is securely managed to address any longer term impacts such as affects of the coronavirus.
LGPS members can be sure that their pension, whether in payment or still building up, will be unaffected."
If you could help us get the message to staff by putting it on your intranet, this would be much appreciated.
2019 valuation results
The results of the 2019 valuation have not changed. We'll keep you updated if this is affected in the future.