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That this House recognises that the reformed Local Government Pension Scheme (LGPS) introduced for all existing and new members in April 2008, and April 2009 in Scotland and Northern Ireland, is an affordable and sustainable scheme for the long-term provision of pension saving for those working in local government and allied employment; notes that discussions on the mechanism to meet future cost fluctuations of the new LGPS between Government, employers and unions are ongoing through the Department for Communities and Local Government's Policy Review Group; and therefore calls on HM Treasury to acknowledge that any proposal to cap increases in employer contributions to a funded pension scheme such as the LGPS outlined in the Pre-Budget Report is within the context of the existing policy framework, not a substitute for open and transparent agreement between the scheme's stakeholders.
Total number of signatures: 74
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