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Local Government: Pensions

Communities and Local Government written question – answered on 24th November 2011.

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Photo of Rachel Reeves Rachel Reeves Shadow Chief Secretary to the Treasury

To ask the Secretary of State for Communities and Local Government what assessment he has made of the effect of (a) 90%, (b) 80%, (c) 70% and (d) 60% employee participation rates on Local Government Pension Scheme funds.

Photo of Bob Neill Bob Neill The Parliamentary Under-Secretary of State for Communities and Local Government

No assessment of this kind has been made yet. The level of employee participation and its impact on scheme income is one of the factors to be taken into account by scheme actuaries when funds are next valued in 2013. Access to scheme membership is automatic for eligible employees. Employers and pension fund administering authorities have a role in explaining the available benefits and their guaranteed status.

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