LGPS definition
Examples of LGPS in a sentence
You or Your sub-contractor will bear the cost of any actuarial assessment required in order to assess the employer's contribution rate, Pension Bond value and to establish an opening funding position to be used as the basis for future actuarial valuations, in respect of any Eligible Employee who elects to join the LGPS on or after the Relevant Transfer date.
Where You or Your sub-contractor(s) do not wish to or are otherwise prevented from offering all or some of the Eligible Employees membership or continued membership of the LGPS, You shall offer, or shall procure that any relevant sub-contractor(s) shall offer, the Eligible Employees membership of an occupational pension scheme with effect from the Relevant Transfer date.
Where You or Your sub-contractor(s) (subject to Secretary of State approval for a sub-contractor to become an admitted body) wishes to offer the Eligible Employees membership of the LGPS, You shall or shall procure that You and/or each relevant sub-contractor shall enter into an Admission Agreement to have effect from and including the Relevant Transfer date.