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LGPS (Scotland) Regulations 2018 - Exit Credits

Published by Melanie Durrant on

The new Local Government Pension Scheme (Scotland) Regulations 2018 came into effect on 1 June 2018, in response to a previous consultation which had closed in January 2018. Following the lead of recent LGPS (Amendment) Regulations 2018 which applies to the English and Welsh LGPS Funds, this new regulation introduces the possibility of an exit credit under Regulation 61.

“With the introduction of the Regulations, from 1 June 2018, employers will be entitled to receive an "exit credit" if a surplus is identified in the cessation valuation.”

To find out more, please download the briefing note below.

LGPS (Scotland) Regulations 2018
585.5 KB | PDF

We discuss the arising issues that administering authorities should consider with regard to exit credits.

About the author

  • Melanie Durrant

    Melanie works as an actuary on a number of public sector funds and advises funds in a range of sizes. She works closely with Graeme Muir and Alison Hamilton and is responsible for managing a number of our LGPS clients and oversees all of the actuarial work undertaken by the actuarial support team for the Local Authority clients.

    View Biography

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