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...

Template Deed of Bond securing Scheme Liabilities under LGPS Admission Agreement (England and Wales)

Published by a LexisNexis Pensions expert

Precedents

On [ date ], the parties enter into this Agreement, namely: 1 [ ] of [ ] (the ‘ Administering authority ’); 2 [ ] of [ ] (the ‘ Scheme Employer ’); 3 [ ] of [ ] (the ‘ Admission Body ’); and 4 [ ] of [ ] (the ‘ Guarantor ’).

Background

(A) Under the Regulations, the Administering Authority is an administering authority. It runs and upholds the Scheme in line with the Regulations and has delegated authority to make determinations under section 25(5) of the Public Service Pensions Act 2013 regarding employees of admission bodies.
(B) The Scheme Employer falls within the definition of a Scheme employer for the purposes of the Regulations.
(C) The Admission Body is an admission body as described in [ ] of Schedule 2 to the 2013 Regulations and intends to enter into the admission agreement. [ It supplies the [ services ] [ assets ] referenced in the Contract and, in carrying out the Contract, will employ Eligible Employees ]...

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Paul Carney

Shoosmiths

Paul advises employers, trustees and public bodies on the legal aspects of all matters relating to pension law. Paul has particular expertise in advising on public service pension schemes and is experienced in drafting documentation for private sector schemes as well as providing ongoing advice on the day to day running of pension schemes. He also provides support to employers and trustees on pensions’ aspects of corporate transactions.Paul’s recent work includes:advising a higher education body in relation to its ongoing participation in the Teachers’ Pension Scheme, the Local Government Pension Scheme and the Universities’ Superannuation Scheme;advising the trustees of an occupational pension scheme in relation to a challenge raised in connection with changes made to the rules of their pension scheme some years earlier in circumstances where those changes may, according to applicable (and recent) case law, have been...

Web page updated on 22/05/2026

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