Lgps pensions being amalgamated .

alfmurph

As this government has plans to combine all lgps into one enormous scheme to allow for major investments does that mean if they make more profit members will be entitled to a larger pension or an annual bonus . Not holding my breath 

daveyjp

Employer contribution rates for LGPS are typically between 20 and 25%.  If returns from investments see a marked increase this is where any adjustment would be made.

MX5huggy

No because if the investments made massive losses the pension payments are not going to fall either. The government/local government would have to make up the shortfall. 

hyubh

alfmurph said:

As this government has plans to combine all lgps into one enormous scheme to allow for major investments does that mean if they make more profit members will be entitled to a larger pension or an annual bonus . 

According to your previous threads, you're already a pensioner. So no squared...

Not holding my breath 

To be fair, compared to us millennial and younger plebs working in the private sector, you're already a pension aristocrat (doffs cap...)

penners324

I'm hoping it'd mean Council taxes would go down

hyubh

penners324 said:

I'm hoping it'd mean Council taxes would go down

Centralising risk and introducing politically motivated investment decisions... what on earth could go wrong...?