LOWER LGPS ACCRUAL RATE COULD MAKE SHORT-TERM TREASURY SAVINGS
07 September 2011
Proposals to implement a new LGPS with lower accrual rates could be used as a short-term fix to generate millions of pounds in savings required from the scheme by Treasury next year.
The London Pensions Fund Authority have launched a green paper calling for a 1/70th accrual rate for the new career average local government pension scheme due in 2015.