Public Sector Pensions Governance Review
The public sector pension governance review has been published with a series of recommendations to strengthen governance in all schemes. The SAB response is attached below. Pensions gov review SAB response final
GMP indexation/ equalisation HM Treasury Consultation
HM Treasury is consulting over three options to address anomalies following the introduction of the new State Pension in April 2016. The SAB's response is attached below. SAB Response to Consultation on indexation and equalisation of GMP in public service pension schemes
Review of Regulations - Pensionable Pay
Agreement has been reached on revised wording for the HR guide on the treatment of pay protection as pensionable pay. The revised guide gives examples of what is, and what is not pensionable pay, to assist local negotiations. Review of Regulations HR Guide - proposed change
GAD Section 13 Dry Run Report
The Public Service Pensions Act provides for an independent review of the valuation and employer contribution rates in pension schemes and the Government Actuary’s Department (GAD) has been appointed to do this for the SLGPS. GAD reported to the last SAB on their first ‘dry run’. The report is attached. Section 13 Dry Run DRAFT […]