LOCAL GOVERNMENT PENSION SCHEME EMPLOYEE CONTRIBUTION RISE

Early day motion 1538, tabled 7 March 2011 by Ian Lavery (Labour). Signed by 60 members.

<p style="margin: 0mm 0mm 0pt" class="MsoNormal"><font face="Times New Roman" size="3">That this House notes the application of a 1 billion hike in employee contributions to the Local Government Pension Scheme (LGPS); that none of the additional revenue will go towards improving the financial security of the scheme; that in addition, research indicates that 40-50 per cent. of affected members may opt out of the scheme as a result of this policy thereby undermining the viability of the largest pension scheme in the UK; and calls on the Government to withdraw this policy from the LGPS and instead work with the scheme's Policy Review Group to examine alternative reforms aimed at achieving long-term sustainability of the LGPS for taxpayers, members, pensioners and participating employers.</font></p>

Signatures by party: Labour 50, DUP 4, Social Democratic and Labour Party 2, Green 1, Independent 1, Liberal Democrat 1, Scottish National Party 1.