Local Government Pension Scheme and National Insurance Contributions
The question
To ask the Secretary of State for Housing, Communities and Local Government, what her planned timetable is for the next (a) revaluation of the Local Government Pension Schemes and (b) the review of employer and employee contribution rates.
Answered by Jim McMahon
As required by Regulation 62 (1) of the LGPS Regulations 2013, a formal valuation of all Local Government Pension Scheme (LGPS) funds is carried out every three years. The next valuation will take place as at 31 March 2025. This will set local employer contribution rates which will come into effect for the 2026-27 financial year. Employee contribution rates are set centrally and reviewed on a regular basis.
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