Update on McCloud
When the Government reformed public service pension schemes in 2014 and 2015 they introduced protections for older scheme members. The Court of Appeal ruled that younger members of the Judges and Firefighters Pension schemes were discriminated against because the protections did not apply to them. The Government has confirmed that there will be changes to all public sector schemes to remove this age discrimination.
What is happening now?
The Government and the LGPS Scheme Advisory Board (SAB) are having high level discussions about what this means for the LGPS. The SAB is confident that the eventual outcome will provide younger members in scope with protection that is equal to the protection provided to older members. The protection compares the benefits payable under the current rules with the benefits that would have been paid if the Scheme had not changed in 2014 and pays the higher.
Do I need to do anything?
No, the protection will apply automatically to all LGPS members who meet the qualifying criteria. Changes to the Scheme will be backdated to April 2014 and will also apply to qualifying members who left the LGPS after that date.
It is important to note that many members will not see an increase to their pension benefits and for others any increase is likely to be small because of low salary growth since the new scheme was introduced.
Please also note it is likely any changes to the LGPS will be not be implemented until at least early/mid 2021 but we will post any updates on this website.