Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Local Government Pension Scheme definition

What does Local Government Pension Scheme mean? The Local Government pension scheme (lgps) is the statutory, funded defined benefit pension scheme for local authority staff and certain other public service and admitted body employees in the UK. It is set out in legislation: in England and Wales by the Local Government Pension Scheme Regulations 2013 (with transitional and governance regulations), in Scotland by the Local Government Pension Scheme (Scotland) Regulations 2014 (and related instruments), and in Northern Ireland by the Local Government Pension Scheme Regulations (Northern Ireland) 2014. Since 2014/2015 it operates on a career average revalued earnings (CARE) basis, with protections for earlier final...

LGPS in England and Wales: framework, governance, funding, investment pooling, employer participation, contributions and benefits—current law and forthcoming reforms

Published by a LexisNexis Pensions expert

Practice notes

FORTHCOMING CHANGE 1 :

On 1 September 2022, the DLUHC opened a consultation proposing new duties for the LGPS to oversee and disclose climate-related risks, including the carbon emissions tied to their investments. The LGPS is the UK’s largest public sector Pension scheme, covering 6.2 million members and holding £342bn in assets worldwide.

Under the government’s plans, administering authorities would be required to:

Calculate their carbon footprint;
Assess how climate change could influence pension-related assets and liabilities; and
Report each year on the extent to which assets align with the 2015 Paris Accords, the international climate treaty adopted by much of the world.

This seeks to enhance the management of climate-related financial risk and would bring the LGPS into line with requirements already in force for private pension schemes. The proposals are intended to replicate the Task Force for Climate-Related Financial Disclosures (TCFD) measures that already apply to the largest private occupational pension schemes and master trusts. The consultation closed in November 2022, and the DLUHC has confirmed that implementation of the consulted proposals will be deferred until at least 2024/25. For further information, see News...

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Gary Delderfield

Eversheds Sutherland

Gary Delderfield is a partner in Eversheds Sutherland's Human Resources Practice Group. He specialises in pensions and also heads our Public Sector Pensions Group.He advises trustees, employers and providers on a wide range of contentious and non-contentious pension issues. Gary is also a nationally recognised expert in the area of public sector pensions law advising clients on issues across local government, central government, education, health and voluntary sectors.His recent experience includes setting up a new final salary pension scheme, advising on a section 75 withdrawal arrangement, advising the trustees of a final salary pension scheme on the winding up of the scheme and advising a private contractor on the pension aspects of a large scale TUPE staff transfers from the public sector.Gary is a regular speaker on pension issues and speaks on the Local Government Employers' annual...

Web page updated on 21/05/2026

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