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Robber Reeves Wants To Amalgate 86 Council Pension Funds.

(79 Posts)
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mae13 Thu 14-Nov-24 09:19:20

Now she has plans for a "Megafund". What is all this messing about pensioners? I don't feel confident about this latest bit of tinkering........

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Mamie Sat 28-Dec-24 09:05:33

Indeed MOnica. Since those of us on the thread who have been in receipt of an LGPS pension for many years and know how it works are not perturbed by the change, I am unclear about why people are still trying to stir things up?

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Allira Sat 28-Dec-24 09:45:16

Not all occupational pensions are paid out of funds; Civil Service pension, for instance, are paid out of general taxation.

I did think Local Government pensions might work that way but have never thought that much about LG pensions since my contributions were returned to me when I left to have a family.

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M0nica Sat 28-Dec-24 23:47:40

DS is in University Teachers pension fund - and that is definitely a funded pension. I think LG pensoons are similar.

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