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Local Government Pension Scheme

Volume 548: debated on Tuesday 17 July 2012

My right hon. Friend, the Secretary of State for Communities and Local Government, made a statement to the House on 20 December 2011 setting out principles to govern the reform of the local government pension scheme agreed between the Local Government Association and local government trade unions. These reforms are designed to ensure the scheme is sustainable and affordable in the long term, while at the same time being fair to both scheme members and local taxpayers.

I can now report to the House that the Local Government Association and local government trade unions have begun informal consultations with their respective memberships on new design proposals for the scheme to be in place by 2014, within the 19.5% cost ceiling agreed by the Government. A favourable outcome will be followed by a statutory, national consultation by the Government in the autumn.

Details of the proposals are contained in a joint statement issued by the local government trade unions and the Local Government Association which can be found at www.lgps.org.uk. A copy of the statement has been placed in the Library of the House.