News

The news area of the website will be regularly updated to inform you of any developments within the Local Government Pension Scheme (LGPS), see below for further information.

2017

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August 2017 - Your Annual Benefit Statement is on its way

If you are paying into the Local Government Pension Scheme (LGPS), you will receive an Annual Benefit Statement (ABS) from the Cornwall Pension Fund during August 2017.

It will show the pension you have built up to 31st March 2017 as well as a future projection of your benefits if you remain paying into the scheme to your Normal Pension Age (NPA). This is the age you would retire and take your benefits without any reduction to your pension.

The statements will be posted out to you in August 2017.

August 2017 - Annual Report 2016-17

The Annual Report for 2016-17 is now available to be viewed.

July 2017 - Options for Academies in the LGPS

The Scheme Advisory Board (SAB) requested a review of the current issues faced by the LGPS and associated stakeholders in relation to academies participating in the English LGPS Funds. This report by PWC, is now available to be viewed: Options for Academies in the LGPS

March 2017 - Employee contribution rate bands

The pay bands which determine the contribution rate a member of the LGPS should pay from 1st April 2017 are now available. View our 'how much will I pay?' page to check yours.

March 2017 - Pension Increase

Pensioner members will see their pension increase by 1% in line with the Consumer Prices Index (CPI) from April 2017. View our "Will my pension increase?" page for more details.

February 2016 - New State Pension and National Insurance changes

A questions and answers (Q&A) for LGPS members regarding the new State Pension and National Insurance changes is now available to be viewed.

July 2015 - Local Pension Board

Details regarding the Local Pension Board are now available to be viewed

April 2015 - Freedom and Choice

The Government has introduced new flexible options for people age 55 years and over who decide to draw their pension benefits from 6 April 2015. Please see our pension flexibility page for further details.

Our Jargon Buster may help with pensions terminology.