Common use of Local Government Pension Scheme Clause in Contracts

Local Government Pension Scheme. The LGPS is a well-managed, funded scheme which meets the needs of the majority of employees – not just the highly paid. Labour councils are part of the employers’ side involved in the LGPS and will: · Actively promote membership of the scheme to all council employees. · Involve the local trade unions and staff in discussion on any proposed changes to the scheme. · Encourage external providers to seek ‘admitted body’ status and commission services on that basis. · Seek to minimize investment management costs and invest ethically.