Normal Minimum Pension Age (NMPA)
The Finance Act 2022 became law in February 2022. It includes the provision that the Normal Minimum Pension Age (NMPA) will increase from age 55 to 57 from 6 April 2028.
Contribution pay bands 2022/23
The contribution pay bands change from 1 April 2022. Find out the contribution pay bands
New national LGPS members website
In March 2022 the Local Government Association (LGA) launched a new look national LGPS members website. Visit the national LGPS members website
COVID-19 and your pension
The McCloud ruling is about discrimination in public sector pension schemes.
The government confirms that you do not have to make a claim for your pension benefits to be brought in line with this ruling. Many members will not see an increase in their pension benefits and any increase is likely to be small. We will keep you updated.
Exit cap payment
The exit payment restrictions were revoked on 12 February 2021. It was concluded that the restrictions had unintended consequences. The government have stated:
- it is still vital that exit payments deliver value for the taxpayer,
- employers should always consider that exit payments are fair and proportionate, and
- HM Treasury will bring forward proposals at pace to tackle unjustified exit payments.
If you think this could affect you, please contact your employer.
On 4 November 2020 the government introduced a £95,000 cap on the total value of an exit payment to employees in the public sector. The cap includes costs to the employer for releasing a pension early. It could impact your pension. If you think this could affect you, please contact your employer.