This page will be updated on a regular basis providing guidance for Scheme members and employers on the pension issues and questions raised during the Covid-19 crisis.
The Local Government Association (LGA) has produced a series of frequently asked questions aimed at scheme members.
The information contained within this document will explain how your pension will be affected it your pay reduces or you are absent from work.
Important update from the Royal County of Berkshire Pension Fund:
The offices of the Royal County of Berkshire Pension Fund are now closed for the foreseeable future. If you need to contact the Pensions Team please do so via e-mail to email@example.com or telephone 01628 796 668.
Due to the restrictions we are working under we are currently unable to print and so until such time as restrictions are lifted we will not be providing payslips but that they will be available on ‘my pension ONLINE’ or we can e-mail the payment details if required.
The Scheme Advisory Board (SAB) to England and Wales has published the following statement:
There has been a lot of disturbing news lately about the fall in stock markets and the potential resultant impact on defined contribution pensions.
LGPS defined benefit pensions are not linked to stock market performance and are set out in statute. Although short term investment values may vary, the LGPS as a long-term investor is securely managed to address any longer term impacts.
LGPS Scheme members can therefore be assured that both their contributions and their pension, whether in payment or built up to date, will be unaffected.