Local authorities are facing multi-million pound equal pay headache

clock

Councils could be hit with a multi-million pound bill in additional pension payments following an amendment to Local Government Pension Scheme regulations, a law firm says.

The issue relates to an equal pay deal struck by the unions on behalf of their members. Prior to the agreement, ‘blue collar’ male workers in local government were enrolled on a bonus scheme, bu...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

From buyout to run-on: The case for keeping DB pension schemes alive

From buyout to run-on: The case for keeping DB pension schemes alive

Charlotte Moore assesses the attractiveness of running on schemes for surplus sharing

Charlotte Moore
clock 28 November 2024 • 8 min read
Trustees should remember DB Funding Code 'big picture'

Trustees should remember DB Funding Code 'big picture'

LCP says myths about purpose of funding code and liquid investments remain for trustees

Jasmine Urquhart
clock 26 November 2024 • 2 min read
DB transfer values fall to lowest value for 12 months in October

DB transfer values fall to lowest value for 12 months in October

Transfer values were at second-lowest month-end value since XPS index’s inception

Martin Richmond
clock 26 November 2024 • 1 min read
Trustpilot