Between October 2012 and 2017, new government legislation applies to all LGPS employers which requires such organisations to meet a number of new pension requirements.
In brief, the main requirement is for employers to auto-enrol all Eligible Jobholders into a Qualifying Pension Scheme with effect from the employer’s Staging Date. New rules also apply surrounding opt-outs (making it more difficult for members to opt out of the scheme) and a requirement will be introduced to re-enrol staff who have opted out after a period of three years.
The LGPS Regulations will continue to apply; therefore it is up to employers to consider how both sets of legislation will apply concurrently to their organisation.
This means all categories of new staff that are currently auto-enrolled under the LGPS Regulations, must continue to be auto-enrolled after the staging date.
The purpose of the auto-enrolment legislation is to increase the number of staff across the country’s workforce that will be enrolled automatically into a qualifying pension scheme. This will not necessarily be the LGPS for all current employers, unless they are required to do so under the LGPS Regulations.