LOCAL GOVERNMENT PENSION SCHEME EMPLOYEE CONTRIBUTION RISE

Motion Text

<p style="margin: 0mm 0mm 0pt" class="MsoNormal"><font face="Times New Roman" size="3">That this House notes the application of a 1 billion hike in employee contributions to the Local Government Pension Scheme (LGPS); that none of the additional revenue will go towards improving the financial security of the scheme; that in addition, research indicates that 40-50 per cent. of affected members may opt out of the scheme as a result of this policy thereby undermining the viability of the largest pension scheme in the UK; and calls on the Government to withdraw this policy from the LGPS and instead work with the scheme's Policy Review Group to examine alternative reforms aimed at achieving long-term sustainability of the LGPS for taxpayers, members, pensioners and participating employers.</font></p>