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About: Local Government Pension Scheme     Goto   Sponge   NotDistinct   Permalink

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The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 4.6 million members. Administration is carried out through 99 regional pension funds such as Greater Manchester Pension Fund and . In 2014 the LGPS changed from a final salary scheme to a career average scheme. In the 2022 Levelling Up White Paper, the government set out targets for LGPS pension pots to invest at least 5% of their assets in projects that support local areas, potentially unlocking £16bn of LGPS capital for investments in local projects