Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government whether they are committed to the continuation and availability of interim contribution reviews for employers within the Local Government Pension Scheme.
Employer contribution rates are set as part of the triennial valuation process which is undertaken by all administering authorities in the Local Government Pension Scheme. Regulation 64a of the Local Government Pension Scheme Regulations 2013 sets out the process to be followed by an administering authority when an employer requests an interim review of its contribution rate.
This is intended to allow flexibility for administering authorities in managing employer contribution rates in response to changes in an employer’s ability to pay its contributions between valuations. In order to clarify when this flexibility should be used, the government intends to consult on changes to the regulations in due course.