Member Publications & Forms

 

Age Discrimination Case

Following the recent age discrimination hearing, all public sector pension schemes including the Local Government Pension Scheme will need to adjust the scheme rules to comply with the court hearing, the consultation for the Local Government scheme is not expected to commence until early 2021. Any adjustment would be retrospectively applied.



Active Members Newsletter



Annual Benefit Statements For Deferred Members

The rate of inflation measured by CPI was 3% which is based on the increase on the Consumer Prices Index over the 12 months to September 2017.  In the majority of cases, members whose last day of membership is after the 24 April 2017 are not entitled to the full 3% increase on the part of their deferred benefits that relate to membership built up before 1 April 2014.

The statement will show the current value of your deferred benefits and the documents below will also help with any questions you may have regarding your statement. 

Deferred Members Guidance Notes

Pre 2014 leaver - LG Deferred ABS Guidance Notes (2019)

Post 2014 leaver - LG Deferred ABS Guidance Notes (2019)

 



Deferred Members Newsletter

Deferred Members Annual Newsletter - May 2019



Newham Pensioners Spring Newsletter

2019 Pensioner Spring Newsletter



Salary Bands 2020

Salary Bands 2020



Salary Bands 2019

Salary Bands 2019



Factsheets and Guides

Guides

Brief Guide to Your Pension (Version 2.0 - April 2019)

Full Scheme Guide (Version 4.0 - April 2018)

Leaving the LGPS Guide

Anti Money Laundering Policy


Factsheets

A number of factsheets have been produced which provide specific details about certain areas and benefits of the LGPS:

 

 



Additional Voluntary Contributions (AVC’s)

Newham Council has chosen the following AVC provider, with a choice of funds for your AVC investment. To access information on the funds available, click on the name of the provider below.  

Clerical Medical



Other pension fund documents

Investment Strategy 

The current investment strategy is set out in the published Statement of Investment Principles (SIP). The SIP reflects current best practices, investment strategy, and management arrangements, and is formally approved by the Pension Fund Investment Committee. 

 Funding Strategy Statement

The funding objectives of the Fund are set out in the Funding Strategy Statement (FSS). The FSS identifies how employers' pension liabilities are best met, the objectives in setting employer contribution rates, and the funding strategy that is adopted to meet these objectives. 


Socially Responsible Investment Policy

This Socially Responsible Investment (SRI) Policy outlines our approach to environmental, social and governance (ESG) issues within our investment portfolio.

 Governance Statement

The Governance Statement describes the structures and arrangements that the London Borough of Newham has put in place in its capacity as administrating authority for the Newham Pension Fund.

Communications Policy Statement 

The Communications Policy Statement describes information and publicity relating to the Scheme, and the frequency, format and method of distribution, to members, representatives, employers and potential members of the scheme.

 Admissions Manual 

The Admission Manual provides organisations with information on becoming an employer within the London Borough of Newham Pension Fund.

 Pension Fund Business Plan 

The Business Plan outlines the operation of the Fund, reviews progress and includes provision for training and development.

 Actuarial Valuation

The scheme is required to undertake an actuarial valuation each three years as a statutory obligation. The most recent Actuarial Valuation was completed for the three years to 31 March 2016.

 Addditional Policies and Procedures:



State Pension Guidance

 



LGPS National Insurance Database

A data sharing project with other LGPS pension funds in England, Wales and Scotland has been undertaken in order to comply with legal requirements contained in the LGPS’s governing regulations.

Provisions contained in the LGPS Regulations 2013 mean that, if a member of the LGPS dies, it is necessary for the scheme’s administrators to know if the individual also had other periods of LGPS membership elsewhere in the country so that the right death benefits can be calculated and paid to the deceased member’s dependants.

LGPS National Insurance Database - Privacy Notice

 

 


If you are employed by the National Health Service, please visit the NHS website