Friday 31 July 2015
East Riding Pensions Fund logo
Welcome to the East Riding Pension Fund
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About the ERPF


The East Riding Pension Fund, created following Local Government reorganisation in April 1996, administers the Local Government Pension Scheme (LGPS) for the four unitary Authorities in the region plus over 190 other local employers and organisations. It has a membership of more than 93,000 active, deferred and pensioner members

LGPS 2014


The following pages are for those who are contributing to the Local Government Pension Scheme, have previously contributed to the scheme and have deferred benefits or those who are in receipt of pension benefits.

Employers


This section of the site is intended for use by participating employers within the East Riding Pension Fund and is where we aim to keep you up to date with information and developments, together with providing guidance and training notes.

Investments


This section provides information on Investment strategy, Corporate Governance and Annual Reports
 

Latest News

 

Workshops to help you plan for your retirement

 

The ERPF is working with Affinity Connect, one of the largest providers of retirement and redundancy services to the public sector in the UK, to assist scheme members in preparing for the changes, both in lifestyle and finances, which take place at retirement, and to explore the opportunities that retirement brings.  The workshops provide a comprehensive range of practical information that addresses the issues and concerns that you will need to consider as you approach retirement, and the decisions you need to make before you leave.

 

For more information, details of the workshops available and how to book a place please see here.

 

June 2015

 

Amendments to the new Local Government Pension Scheme Regulations

 

A summary of the recent changes made by the amendment has now been issued.  Please click here to view.

 

June 2015

 

Pensions Increase 2015

   

The Government have confirmed that Local Government Pensions, which have been in payment for more than a year, will increase by 1.2% from Monday 6th April 2015.

 

For more detailed information on how the pensions increase will be applied to your pension please click here.

 

1 May 2015

 

Transfers from the LGPS to Defined Contribution Schemes

 

Over recent months there has been a great deal of information in the media and elsewhere about the Government's announcement in the 2014 Budget that reforms to workplace pensions would be made to offer greater flexibility (‘Freedom and Choice’ ) in the way individuals aged 55 and over can access any Defined Contribution (DC) pension savings they may have.

 

These changes are effective from 6 April 2015. To help you understand how these changes may affect the LGPS a Question & Answer leaflet has been produced and can be viewed here

 

25 March 2015 

 

Cost Control Briefing Notes 

The Shadow Scheme Advisory Board (SSAB) has published a briefing note in respect of the cost control processes which will be used to assess the costs of the reformed LGPS in England & Wales. 

 

A briefing note for members and employers has been published.

12 February 2015  

 

East Riding Pension Fund Annual Report & Accounts 2013-14

At 31 March 2014 the Fund had a total membership of 98,501 and was valued at £3,316.5m, having paid out £135.4m during the year for the benefit of Scheme members. This is an increase in the Fund value of £238.4m from 31 March 2013.  To find out more about the management and financial performance of the fund please see the Summarised Annual Report & Accounts or the Full Annual Report & Accounts.

 14 November 2014

 

Data Matching

This authority is required by law to protect the public funds it administers. It may share information provided to it with other bodies responsible for auditing or administering public funds, in order to prevent and detect fraud Data matching involves comparing computer records held by one body against other computer records held by the same or another body to see how far they match. 

Computerised data matching allows potentially fraudulent claims and payments to be identified. Where a match is found it indicates that there is an inconsistency that requires further investigation. No assumption can be made as to whether there is fraud, error or other explanation until an investigation is carried out. Data is handled in accordance with the council's:

Fair Processing Notice for Data Matching

26 August 2014

LGPS 2014 Regulations & Guidance

Please be aware that further revisions for the HR, Payroll and further administration guides have now been issued and can be found on www.lgpsregs.org within the Guides and Publication section of the web site.

11 June 2014 

 

Change of your personal details (Active & Deferred Members only)

Have you recently moved house, changed your name or would like to update any personal contact details?. You can now notify the ERPF of your new details by completing the new  on line form.

 

Change of Personal details form

29 April 2014

 

LGPS 2014 Contribution Calculator

A ‘Contribution Calculator’ for the new scheme has been launched allowing you to see at a glance both the gross and net contribution amount for the new scheme.

For more information and to see how it works please go to the LGPS 2014 home page.

 14 March 2014

 


LGPS Guides - April 2014

The LGPC has updated the following guides and leaflets to the LGPS for employees in England and Wales for April 2014:

29 May 2014

 

Pension Pay Dates (April 2015 - March 2016)

2015: 30 April, 29 May, 30 June, 31 July, 31 August, 30 September, 30 October, 30 November, 31 December

2016 29 January, 29 February, 31 March

25 March 2015


Auto enrolment

The government has introduced a new law to make it easier for people to save for their retirement. This requires all employers to enroll their workers into a qualifying workplace scheme if they are not already in one. For more information please click on the Auto enrolment button below.

Auto enrolment

15 March 2013

 Beware of the 'pension predators'...

Have you recently been approached by a company claiming they can help you access your Local Government Pension Scheme (LGPS) pension early? If the answer is yes then you are not alone.

Some of our members have contacted us as they have been tempted by the prospect of transferring their years of LGPS membership to another arrangement so it can be converted into cash and drawn before retirement.
 
This is known as ‘pension liberation’, the latest financial '
scam' to hit the UK.It threatens your pension scheme benefits, not only those payable on retirement, but also those to your dependants on death in service.
 
There will be an article on this in our latest newsletter due out in April. In the meantime, you may want to read the following information leaflet, issued by the Pensions Regulator, so you know exactly how the scam works and don't do something you may later regret.

28 February 2013


Changes to the Tax Controls on Pension Savings

The Local Government Pension Scheme (LGPS) is fully approved by HM Revenue and Customs (HMRC), which means that you receive tax relief on your contributions as they are deducted from your pay. However, there are two HMRC controls on the amount of pension savings you can have before you become subject to a tax charge.  This is over and above any tax due under the PAYE system on your pension once it is in payment.

The two controls on pension savings are known as the annual allowance and the lifetime allowance and this leaflet takes a brief look at the recent changes made to those allowances.

19 December 2011