Question to the Ministry of Housing, Communities and Local Government:
To ask the Secretary of State for Levelling Up, Housing and Communities, what recent assessment his Department has made of the potential impact of the present economic situation on the performance of funded public sector pension schemes; and if he will make it his policy to ensure that any higher contribution costs introduced in such schemes are met by increased employer, not employee, contributions.
The performance of the Local Government Pension Scheme (LGPS) is under regular review through actuarial valuations which take place every three years. An actuarial valuation is currently under way with an effective date of 31 March 2022.
LGPS member contributions are set out in legislation.