This section contains guidance issued by the Secretary of State which administering authorities will need to have regard to in administering the LGPS from April 2014. The guidance held on this page is split in to two sections:

Other Secretary of State Guidance

This section contains other Secretary of State guidance which administering authorities will need to have regard to in administering the LGPS from April 2014.

Date

Description

Documents (PDF)

15 September 2016 Secretary of State guidance on preparing and maintaining an investment strategy statement (ISS). It is aimed at LGPS pension funds in respect of their requirement to maintain an ISS under regulation 7 of the LGPS (Management and Investment of Funds) Regulations 2016.

Investment strategy statement guidance

17 September 2014 Secretary of State guidance on ill health retirements taken under the 2014 Scheme. It is aimed at scheme employers and independent registered medical practitioners (IRMPs) when carrying out their functions under regulations 36, 37 and 38 of the LGPS Regulations 2013.

Ill health retirement guidance

Ill health FAQs issued by DCLG June 2015

Actuarial Guidance

This section contains actuarial guidance which administering authorities will need to have regard to in administering the LGPS from April 2014, split by a) actuarial guidance issued under either the LGPS Regulations 2013 or the LGPS (Transitional Provisions, Savings & Amendments) Regulations 2014, and b) actuarial guidance issued under previous regulations, but which continues to apply from April 2014 in respect of certain transitional provisions.

Where a document is specified in the below tables as a 'Consolidated working copy', this document was provided for information in August 2015. It was not official guidance issued under the regulations but a consolidation, prepared by GAD, of the original guidance (issued in March and April 2014) with amendments that were since issued. Since the issue of the consolidated working copies in August 2015, many items of guidance have been replaced wih new versions. Where this applies, please see the entries in the below table dated April 2016.

Since April 2014, updated items of actuarial guidance have been issued by DCLG. Where this applies, the new versions issued are highlighted red in the below table. A document was also circulated by DCLG on 4th October 2016 listing the transitional arrangements, where applicable, for the implementation of the new guidance published in April and October 2016.

A list of the extant actuarial guidance for the LGPS (England and Wales), accurate to October 2016, has also been published.

Actuarial guidance issued under LGPS Regulations 2013 or LGPS (Transitional Provisions, Savings & Amendments) Regulations 2014

Operative date

Description

Documents (PDF)

26 March 2014 Secretary of State actuarial guidance on calculating the capital value of a member's accrued rights, for the purposes of determining the maximum lump sum the member may take at retirement. This guidance was amended in November 2014 - see section 3 on page 3 of the November 2014 Miscellaneous Amendments document linked to in the following column.

Additional cash commutation guidance

November 2014 miscellaneous amendments

Bulletin 132 comments

Consolidated working copy (see above notes)

27 March 2014 Secretary of State actuarial guidance on the amount of contributions to be paid by a member purchasing additional pension, or by an employing authority purchasing additional pension for a member

Additional pensions guidance - April 2016

Additional pensions guidance - April 2014

Bulletin 132 comments

Consolidated working copy (see above notes)

1 April 2014 Secretary of State actuarial guidance on the reduction of a member's pension rights following an election for an annual allowance charge to be met by the Scheme (where the offset election was made on or after 1 April 2014). Where elections were made before 1 April 2014, the previous guidance dated 6 September 2012 and 21 February 2014 should be used.This guidance was amended in November 2014 - see section 8 on pages 5 to 6 and then the appendix of the November 2014 Miscellaneous Amendments document linked to in the following column.

Annual allowance charges: calculation of Scheme Pays offset guidance - April 2016

Annual allowance charges: calculation of Scheme Pays offset guidance - April 2014

November 2014 miscellaneous amendments

28 March 2014 Secretary of State actuarial guidance on the calculation of additional pension to a retiring member from any additional voluntary contributions that are not taken as cash or used to secure an annuity with an insurance company (where the AVC contract was entered into on or after 1 April 2014). Where the member commenced payment of AVCs prior to 1 April 2014, the previous guidance dated 20 March 2012 should be used. This guidance was amended in November 2014 - see section 2 on page 3 of the November 2014 Miscellaneous Amendments document linked to in the following column.

AVCs - use to provide additional pension under the Scheme guidance - April 2016

AVCs - use to provide additional pension under the Scheme guidance - April 2014

November 2014 miscellaneous amendments

Bulletin 132 comments

Consolidated working copy (see above notes)

28 March 2014 Secretary of State actuarial guidance on the reduction in benefits for members who retire before they have a right to take unreduced benefits, ie. on the voluntary early payment of pension.

Early retirement guidance - April 2016

Early retirement guidance - April 2014

Bulletin 132 comments

Consolidated working copy (see above notes)

31 March 2014 Secretary of State actuarial guidance on flexible retirement and how any benefits under earlier regulations paid to a member on flexible retirement shall be taken into account in any subsequent calculation of his or her benefits. This guidance was amended in November 2014 - see section 5 on pages 4 to 5 of the November 2014 Miscellaneous Amendments document linked to in the following column.

Flexible retirement guidance - April 2016

Flexible retirement guidance - April 2014

November 2014 miscellaneous amendments

1 April 2014 Secretary of State actuarial guidance on the transfer payment made from one fund to another when a member aggregates the past period of service with the current period. Please note that in the consolidated working copy, (a) in paragraph 3.8 should contain the words 'the date of cessation of active membership' instead of 'the date of active membership', as per the GAD letter of 13th March 2015.

Interfund transfer guidance - April 2016

Interfund transfer guidance - April 2014

March 2015 letter clarifying relevant date for use in interfund transfers

Bulletin 132 comments

Consolidated working copy (see above notes)

26 March 2014 Secretary of State actuarial guidance on late retirement increases to benefits payable after normal pension age. Please note that the version dated 18th April 2016 was issued on 4th October 2016 with a lead in time of 3 months, meaning that this new guidance will become effective for late retirements taking place from 4th January 2017 onwards.

Late retirement guidance - April 2016 - effective January 2017

Late retirement guidance - April 2014

Bulletin 132 comments

31 March 2014 Secretary of State actuarial guidance on the calculation of the capital value of a member's benefits from the LGPS in order to compare that capital value against the member's lifetime allowance and to make adjustments where relevant.

Lifetime allowance guidance - April 2016

Lifetime allowance guidance - April 2014

Bulletin 132 comments

Consolidated working copy (see above notes)

26 March 2014 Secretary of State actuarial guidance on the calculation of the pension credit for the former spouse or civil partner (the "pension credit member") following a divorce proceeding (where the debited member has been a member of the 2014 Scheme and the Transfer day is on or after 1 April 2014). Where the sharing order is dated prior to 1 April 2014, or where the member had left service before 1 April 2014, the previous guidance dated 5 October 2012 should be used. This guidance was amended in November 2014 - see section 6 on pages 5 of the November 2014 Miscellaneous Amendments document linked to in the following column.

Pension credits guidance - April 2016

Pension credits guidance - April 2014

November 2014 miscellaneous amendments

Bulletin 132 comments

Consolidated working copy (see above notes)

28 March 2014 Secretary of State actuarial guidance on the debit applied to a member's pension due to pension sharing on divorce where the Transfer day is on or after 1 April 2014.

Pension debits guidance - April 2016

Pension debits guidance - April 2014

Bulletin 132 comments

Consolidated working copy (see above notes)

1 June 2014 Secretary of State actuarial guidance to determine the transfer share that applies when the administering authority changes in connection with probation service arrangements.

Probation service transfer share guidance

Covering letter from DCLG

28 March 2014 Secretary of State actuarial guidance on the earned pension credited to a member's pension account where a transfer value has been accepted and in respect of transfers out of the LGPS (where the relevant date is on or after 1 April 2014). For a non-club transfer in with a relevant date prior to 1 April 2014, the previous guidance dated 26 March 2010 and 22 February 2012 should be used. This guidance was amended in November 2014 - see section 1 on pages 1 to 3 of the November 2014 Miscellaneous Amendments document linked to in the following column.

Transfers guidance - individual inward and outward - April 2016

Transfers factors - individual inward and outward - April 2016

Transfers guidance - individual inward and outward - April 2014

November 2014 miscellaneous amendments

Bulletin 132 comments

28 March 2014 Secretary of State actuarial guidance on the calculation of the amounts payable on trivial commutation of a pension, either on a member's retirement, or following a member's death. This guidance was amended in November 2014 - see section 4 on pages 3 to 4 of the November 2014 Miscellaneous Amendments document linked to in the following column.

Trivial commutation guidance - April 2016

Trivial commutation guidance - April 2014

November 2014 miscellaneous amendments

Bulletin 132 comments

Consolidated working copy (see above notes)

31 March 2014 Covering letter issued with actuarial guidance confirming references within the LGPS Regulations 2013 to actuarial guidance.

Letter from DCLG - actuarial guidance for LGPS 2014

Actuarial guidance issued under earlier LGPS Regulations

Actuarial guidance issued under earlier LGPS Regulations but which continues or continued to apply from April 2014 under certain transitional provisions.

Operative date

Description

Documents (PDF)

5 March 2013 GAD guidance on the purchase of additional pension for elections prior to April 2012 under the LGPS (Benefits, Membership and Contributions) Regulations 2007.

Additional pensions guidance (elections before 1 April 2012) - April 2016

Additional pensions guidance (elections before 1 April 2012) - March 2013

1 April 2012 GAD guidance on the purchase of additional pension for elections between April 2012 and March 2014 under the LGPS (Benefits, Membership and Contributions) Regulations 2007.

Additional pensions guidance (elections on or after 1 April 2012 and before 1 April 2014) - April 2016

Additional pensions guidance (elections on or after 1 April 2012 and before 1 April 2014) - April 2012

24 November 2015 GAD guidance on the purchase of additional survivor benefits for elections made prior to April 2014 under the LGPS (Benefits, Membership and Contributions) Regulations 2007. Please see the Requested Amendments document for a list of the amendments we have requested to the guidance document dated 24 November 2015.

Additional survivor benefits purchase guidance (for use up to 31st March 2016)

Additional survivor benefits purchase guidance (for use from 1st April 2016)

Requested Amendments

6 September 2012 GAD guidance on annual allowance charges: scheme pays offset for elections made prior to 1 April 2014 (and subject to the correction note linked to in the next column).

Annual Allowance Charges: Scheme Pays Offset guidance - April 2016

Annual Allowance Charges: Scheme Pays Offset guidance - Sept 2012

February 2014 correction note

20 March 2012 GAD guidance on the use of accumulated AVCs to provide additional pension under the Scheme where AVCs commenced prior to 1 April 2014. Please see the Requested amendments document for a list of the amendments we have requested to the actuarial guidance document dated 24 November 2015.

AVCs - use to provide additional pension under the Scheme - April 2016

AVCs - use to provide additional pension under the Scheme - March 2012

2 October 2012 GAD guidance on the conversion of lump sum into pension under regulation 58(1) of the LGPS Regulations 1997.

Conversion of lump sum into pension guidance - April 2016

Conversion of lump sum into pension guidance - Oct 2012

5 October 2012 GAD guidance on the application of a pension credit to the former spouse or civil partner of the member [transfer day prior to 1 April 2014 or member left service before that date].

Pension credit guidance - April 2016

Pension credit guidance - Oct 2012

Bulletin 132 comments

4 March 2013 GAD guidance on the application of a pension debit for a divorced member where the Transfer day was before 1 April 2014. This guidance was amended in November 2014 - see section 7 on page 5 of the November 2014 Miscellaneous Amendments document linked to in the following column.

Pension debits guidance - April 2016

Pension debits guidance - March 2013

Update to Table A

November 2014 Miscellaneous Amendments

Bulletin 132 comments

Consolidated working copy (see above notes)

18 January 2012 GAD factors for pensioner cash equivalent transfers on divorce. Please note that this guidance should be read in conjunction with the guidance “Pension sharing following divorce: Calculation of Cash Equivalent" (issued on 8 April 2011 - see link in the next column).

Pensioner cash equivalent factors on divorce guidance - April 2016

Pensioner cash equivalent factors on divorce guidance - Jan 2012

Pension sharing following divorce - calculation of cash equivalents

24 August 2011 GAD guidance on the adjustment of transfer credits granted from accumulated AVCs under regulation 66(8) of the LGPS Regulations 1997 (see also the link in the next table for the non-Club actuarial factors (Tables 2.1 and 2.2) to be used in conjunction with this guidance, where the benefit is payable from age 65).

New guidance - February 2017

Transfers guidance - adjustment of credit granted from accumulated AVCs

Actuarial factors

Bulletin 132 comments

26 March 2010 GAD guidance on individual incoming and outgoing transfers for non-Club transfers in with relevant dates prior to 1 April 2014 (see also the link in the next table for the actuarial factors to be used in conjunction with this guidance).

Transfers guidance - individual incoming and outgoing

Actuarial factors