Local Government Pension Scheme Employee Contribution Rise
EDM number 1538 in 2010-12, proposed by Ian Lavery on 07/03/2011.
Categorised under the topics of Local government and Pensions.
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.
This motion has been signed by a total of 62 MPs.
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