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.

2018

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October 2018 - Annual Report 2017-18

The Annual Report for 2017-18 is now available to be viewed.

August 2018 - 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 2018.

It will show the pension you have built up to 31 March 2018 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.

Along with the ABS, we have enclosed an active member newsletter and a preserved member newsletter as applicable, based on your membership status within the Fund.

The statements will be posted out to you in August 2018.

June 2018 - Amendments to the Local Government Pension Scheme (LGPS)

Changes have been made to the Local Government Pension Scheme (LGPS) and they include changes to when you can take your deferred benefit, pre-2014 AVC contracts and an expansion of the underpin. Further details are available to view within the Amendments to Local Government Pension Scheme (LGPS) newsletter

April 2018 - General Data Protection Regulation (GDPR)

Data protection law is changing on 25 May 2018 with the introduction of the General Data Protection Regulation (GDPR). View our "General Data Protection Regulation (GDPR)" page for more information including a Q&A for Local Government Pension Scheme (LGPS) members.

April 2018 - Employee contribution rate bands

The pay bands which determine the contribution rate a member of the LGPS should pay from 1 April 2018 are now available. View our 'how much will I pay?' page to check yours.

March 2018 - Pension Increase

Pensioner members will see their pension increase by 3% in line with the Consumer Prices Index (CPI) from April 2018. View our "Will my pension increase?" page for more details.

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

Our Jargon Buster may help with pensions terminology.