LGPS Pension... What to do

greenglide

and an annual newsletter every 2 years or so.

I got one both this year and last year! A right riveting read (not).

Of course there are many councils responsible for running LGPS.

System

Hi

Mine says

"Unfortunately, we lacked the resources to produce and go to print."

FreddieM

johndough wrote: »

hi

well perhaps you are not getting annual statements, and were not written to 3 months prior to your 60th birthday listing your options.
That is correct, i have not been written too!
Both happened when i worked for the "lgps".
Maybe then but staff cuts may now prevent this.

However if you have an update then you can assess it's value in terms of a guaranteed income for life and perhaps the life of any surviving partner.
I have asked for an update but the account is stage 2 waiting for assessment??

Index linked, so we have a 1.2% increase to look forward to on the 30th april 2015, and an annual newsletter every 2 years or so.

thank you. I hope they will pull their finger out at northampton and include me in their newsletter

hyubh

FreddieM wrote: »

thank you. I hope they will pull their finger out at northampton and include me in their newsletter

Printed newsletters sound like a waste of public money to me, however if you haven't been getting an annual statement either is it because you've moved at some point and haven't kept the administrator informed of your current address...?

System

Hi

"Printed newsletters sound like a waste of public money to me"

It is pension fund money, so it enters a grey area.

When I was there, we had a communication from the Chief Exec to say no more Newsletters.

Fine says I, so each member will be written to, appraising them of the changes, but it cant be called a newsletter, so what will it be called?

Because if members are not told of the 'news' then someone will be thrown in gaol for it, so who is it going to be?

Treasury and Pensions were then allowed to issue newsletters to comply with the legislation, but sadly couldn't manage it every year.

hyubh

johndough wrote: »

"Printed newsletters sound like a waste of public money to me"

It is pension fund money

Part of the admin charge made on the fund, yes...

Fine says I, so each member will be written to, appraising them of the changes, but it cant be called a newsletter, so what will it be called?

Ha ha, yes

Because if members are not told of the 'news' then someone will be thrown in gaol for it, so who is it going to be?

As you say, the information still needs to be provided, however cutting back on the printing and postage costs (not insignificant) should be possible if not done already - opt outs for only receiving the information electronically, becoming opt ins to still receive by post? Although: cue internal politics necessitating the use of the corporate printing service regardless of whether the firm down the road could do it for half the price...