The new Local Government Pension Scheme (LGPS) (Amendment) Regulations 2018 finally emerged in April. Significant changes have been made to Regulation 64 which provides more flexibility for administering authorities to manage liabilities when scheme employers cease to have active members in their Fund.
We discuss the arising issues that administering authorities should consider with regard to exit credits.
Regulations came into force
To find out more, please download the full briefing note below.