Welcome to the East Riding Pension Fund

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 300 other local employers and organisations. It has a membership of more than 110,000 active, deferred and pensioner members.

Local pension board

Formed in 2015, the board plays a vital role in the Governance of ERPF and consists of both Scheme employer and member representatives.

Find out more

Investments

This section contains EPPF report and accounts, voting policies and funding and investment strategy statements.

Find out more
.

Public sector exit cap information for LGPS employers

User AvatarPosted by Chris A Brown at 21/12/2020 11:47:08

The Government has introduced a cap on the amount of money a public sector employer can pay when an employee leaves their employment. It is called the public sector exit cap, or £95k cap. It applies to employees leaving public sector employments from 4 November 2020.

This may affect some members of the LGPS who retire on grounds of redundancy or business efficiency over the age of 55. Where the LGPS regulations allow for unreduced benefits to be paid to members in these events, this is now subject to this exit cap.

Employers have to pay strain costs to the scheme to allow for unreduced benefits, and this payment will be included when calculating the £95k cap.

For further information on what you need to consider as an employer for any members that leave over the age of 55 due to redundancy or business efficiency, please download the document below:

LGA - Exit cap information for LGPS employers (pdf 187kb)


Public sector exit cap information for LGPS employers and members

Posted by Chris A Brown at 07/12/2020 16:19:04

The Government has introduced a cap on the amount of money a public sector employer can pay when an employee leaves their employment. It is called the public sector exit cap, or £95k cap. It applies to employees leaving public sector employments from 4 November 2020.

This may affect some members of the LGPS who retire on grounds of redundancy or business efficiency over the age of 55. Where the LGPS regulations allow for unreduced benefits to be paid to members in these events, this is now subject to this exit cap.

Employers have to pay strain costs to the scheme to allow for unreduced benefits, and this payment will be included when calculating the £95k cap.

If you are a member of the scheme and would like more information on this, please visit the following link: 

Public Sector Exit Cap - Member FAQs (external website)

 


McCloud consultation

Posted by Chris A Brown at 19/10/2020 11:40:12

Following the Court of Appeal judgment in December 2018, the government has been working to fix the discrimination identified in the policy of transitional protection that was part of the 2015 reforms to public service pension schemes. A consultation has now been published, outlining the proposals to address the discrimination and the plans for the future.

The consultation can be viewed here:

GOV.UK - Changes to the transitional arrangements to the 2015 schemes 

The Local Government Association (LGA) have also published a number of documents that you may find useful when considering the proposals, these documents are available here:

GOV.UK - Local government pension scheme amendments to the-statutory underpin

You can also find more information regarding the McCloud judgement on the Scheme Advisory Boards Q&A:

LGPS Board - McCloud

It is important to reassure members that any changes to the underpin protections will apply to all eligible members and that they do not need to make a separate claim for redress.


Statement on the McCloud judgment

Posted by Sam Topham at 25/06/2020 11:52:27

When the LGPS changed from a final salary to a career average pension scheme in 2014, protections for older scheme members were introduced. Similar protections were provided in other public sector pension schemes. The Court of Appeal ruled that younger members of the Judges’ and Firefighters’ Pension schemes have been discriminated against because the protections do not apply to them. The Government has confirmed that there will be changes to all main public sector schemes, including the LGPS, to remove this age discrimination. This ruling is often called the ‘McCloud judgment’.

 

The Government is still considering exactly what changes need to be made to remove the discrimination from the LGPS. This means it has not been possible to reflect the impact of the judgment in your annual benefit statement this year.  If you qualify for protection it will apply automatically - you do not need to make a claim. For more information, see the frequently asked questions on the national LGPS website.
© 2021 | Privacy | Cookies