Local Government Pension Scheme. The LGPS is a well-managed, funded scheme which meets the needs of the majority of employees – not just the highly paid. Labour councils are part of the employers’ side involved in the LGPS and will: · Actively promote membership of the scheme to all council employees. · Involve the local trade unions and staff in discussion on any proposed changes to the scheme. · Encourage external providers to seek ‘admitted body’ status and commission services on that basis. · Seek to minimize investment management costs and invest ethically.
Local Government Pension Scheme. 3.8.1 If opting out of the Local Government Pension Scheme, the relevant information will be forwarded to the Pensions Department and any refund due will come direct from that Department.
Local Government Pension Scheme. If a school decides NOT to enter into this SLA and procure payroll services from another third party the school is responsible for the following in relation to the LGPS: • The school must send a starter form to the Pension Service as soon as a new employee is entered into the scheme (they are brought into the scheme automatically unless they opt out or their employment is of a casual nature) giving details of percentage employee contribution; date commenced contributing and previous pensionable service. • The school must inform the Pension Service if members of the LGPS change their home address The school must inform the Pension Service of any change to a pension scheme member’s employment that may affect benefits for example: ▪ Change of hours ▪ Leaving forms - as soon as a member leaves the service detailing the total final year’s pensionable pay, or any one of the previous 2 years if greater, the final 2 years contracted out earnings and the reason for leaving. ▪ Permanent reduction in pay ▪ Employees leaving / opting out of the pension scheme In addition, the school will need to: • Pay into the pension fund all employee and employers pension contributions on a monthly basis including any additional contributions. • Provide a schedule every month of all members, giving the following details: o Total pensionable pay as defined by the Local Government Pension Scheme Regulations o Total employee and employers pension contributions including additional contributions o All changes in part time percentages in the period. • The school must pay correct amounts of scheme AVC contributions to the AVC provider, Prudential on a monthly basis by the agreed date. • The school must send details of all unpaid absence. Details should have date started, date returned, and any election to pay backdated contributions. All of the information above will need submitting on a monthly basis. Failure of an employer meeting the aforementioned responsibilities will lead to the following consequences: • Member records not up to date • Members not receiving Annual Benefit Statements • Possible fines If a school retains the in-house Enfield Payroll Service, ALL the functions in section 2.1 and 2.2 are within the scope of this SLA.
Local Government Pension Scheme. 2.11 The Company shall ensure that all employees at the Academy other than teachers (“Non-teaching Staff”) have access to either the Local Government Pension Scheme in accordance with the Local Government Pension Scheme (Administration) Regulations 2008 [SI2008/239] (“the Regulations”), where the Regulations require this, or such other pension benefits as those Regulations, or any legislation which may in the future replace the Regulations, require for Non-teaching staff APPLICATION OF MASTER AGREEMENT CLAUSES
