Local Government Pension Schemes

Local Government Pension Schemes (LGPS) are retirement plans for employees working in local government roles, such as teachers, police, and council workers. These schemes are collectively managed funds where contributions are made throughout an employee's career. Upon retirement, members receive a pension based on their earnings and length of service. The LGPS is designed to provide financial security in retirement, combining employee and employer contributions, and is overseen by pension authorities to ensure sustainability and fairness for members.