LGPS Pension Board
In accordance with the Public Service Pensions Act 2013, a Pensions Board was established from 1 April 2015. The Pensions Board has responsibility for assisting Warwickshire Pension Fund as the Funds Scheme Manager. For more information about the Pension Board please visit the webpage here http://www.warwickshire.gov.uk/lgpspensionboard
Check your Pension Annual Allowance
News about a Standard Life Fund
If you are invested in Standard Life Ethical Pension Fund please see the attached letter regarding this fund Standard Life ethical fund (PDF, 63.07 KB)
HMRC Telephone Scam
There is currently a telephone scam where a recorded message is left, allegedly from HMRC, stating that HMRC are bringing a lawsuit against the individual and is going to sue them.
The recipient is asked to phone 0161 850 8563 and press “1” to speak to the officer dealing with the case. This scam is becoming widely reported and seems to be targeting older people. Please do not reply to the message.
HMRC takes security very seriously but you need to be alert. If you cannot verify the identity of the person making the call you should not disclose your personal details. You should report these incidents on the Action Fraud website, or you can call them on 0300 123 2040 (Please note this number will be charged at your normal network rate). They are open Monday to Friday 09:00 – 18:00.
To learn more about dealing with phishing and scams visit WWW.GOV.UK
Pensions Increases and Negative Inflation (deflation)
The level by which a local government pension is increased is determined by central government and is based on the rate of increase in the Consumer Prices Index (CPI) in September of the year prior to the April the increase is awarded.
This means the rate of increase awarded for April 2016 would be the rate of CPI determined in September 2015 and the rate of CPI for September was (minus) – 0.10%.
This does not mean however, that the pensions in payment will be reduced, because although the Pensions (Increase) Act 1971 provides powers to increase the annual rate of a pension it does not provide the power to decrease a pension where CPI is negative. Therefore, in a period of deflation, pensions in payment will not be increased.
Changes to the State Pension Scheme.
A fact sheet and further information is now available for Public Service Employees about contracting out of the Additional State Pension for Defined Benefit Pension Schemes. Introducing the COPE (PDF, 135.97 KB) and Changes to State Pension – Factsheet (PDF, 235.2 KB)Q&A New State Pension (PDF, 267.79 KB)
Life Time Allowance
The latest newsletter about Lifetime Allowance reduction and transitional protections is now available. Lifetime Allowance reduction 2016 (PDF, 145.03 KB) Lifetime Allowance. Warwickshire Pension Fund together with Hyman Robertson have provided more information on the standard life allowance which may affect employees earning over £40k or have the potential to be earning this amount in the future. A copy of the presentation slides and newsletter are now available.Pension Tax Newsletter (PDF, 1.74 MB) Final Presentation (PDF, 1.13 MB)
Please find attached fact sheets on Pension Taxations relating to Annual Allowance factsheet Annual Allowance Factsheet (PDF, 269.01 KB) and Lifetime Allowance Lifetime Allowance Factsheet (PDF, 247.46 KB)
The New State Pension and National Insurance Changes
A new single tier, flat rate State Pension is being introduced for people who reach State Pension age on or after 6 April 2016. This will affect your National Insurance contributions. New State Pension and National Insurance Changes (PDF, 277.22 KB)
Are you a new member who has been brought into the Scheme by your employer and want to remain in the Scheme? If the answer is YES complete the membership and expression of wish forms found below. If the answer is NO and you want to opt out please use the pension opt out link under Useful Links ONLY if you work for WCC. For NON WCC employees, please use the Opt Out form under ‘Forms’ below.
A written ministerial statement from the Secretary of State for Communities and Local Government, Eric Pickles MP, on the Local Government Pension Scheme (LGPS). See also The Local Government Pension Scheme 2014 website for latest news. LGPS 2014 Presentation (PDF, 735.14 KB) A Brief Guide To The Local Government Pension Scheme 2014
Warwickshire County Council administers the scheme on behalf of the Local Government Pension Scheme. We currently administer the scheme for 77 employers, including District and Borough Councils, charitable organisations, schools and colleges.
More information on and Additional Pension Contributions (APC’s) or Additional Voluntary Contributions (AVC’s) can be made.
If you are in any doubt about your benefit entitlements, or have a problem or question about your Local Government Pension Scheme membership or benefits.
Financial information available to download, details of fund managers and pension fund investment board members.
Publications available to download, scheme changes and up to date newsletters for active, deferred and pensioner members.
The latest LGPS information, guidance and forms for employers.
WCC administers the Firefighters pension scheme for Warwickshire Fire and Rescue.
- Membership Form 2016 (PDF, 347.95 KB)
- 50-50 Section Election Form (DOCX, 105.25 KB)
- Main Section Re-Joining Form (DOCX, 103.91 KB) If you are in the 50/50 scheme and wish to join the main scheme, complete this form.
- Nomination of Cohabiting partner form (PDF, 448.89 KB)
- OptingOutForm – Feb 2016 (PDF, 239.63 KB) – ONLY APPLICABLE FOR NON WCC EMPLOYEES. If you work for WCC and would like to opt out of the Pension scheme, please use the on-line form on the right hand side of the webpage under ‘Useful Links’
- Leaver Form and Information sheet 2015 (editable version) (DOCX, 200.73 KB)
- Expression of Wish Death Grant Form (pdf, 76 Kb) Return completed to: Treasury & Pensions, Resources, PO Box 3, Shire Hall, Warwick, CV34 4RL, by fax to 01926 412962 or send by email to firstname.lastname@example.org
- Estimate Request From Employee (DOC, 727 KB)
- APC Medical Certificate