Friday, 27 September 2013 11:53
The Scottish Local Government Pensions Advisory Group (SLOGPAG) began discussions about reforming the LGPS (Scotland) Pension Scheme in October 2012, as directed by provisions in the UK Public Service Pensions Act 2013. SLOGPAG is comprised of representatives from CoSLA, the Unions and the Scottish Government.
CoSLA and the Unions have identified their key priorities for the new scheme which focus on protecting the low paid and encouraging membership of the LGPS.
SLOGPAG have been working closely with the Government Actuary's Department (GAD) who are analysing the cost of the current scheme and projected cost of the new scheme to ensure that the LGPS remains affordable and fair for employees, employers and taxpayers.