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Local Government Pension Scheme (LGPS) regulations were laid before Parliament on 4 April 2007 and came into force on 1 April 2008.
The new-scheme regulations set out the Government's policy to retain a final-salary, defined benefits Scheme, with improved accrual rates, better death-in-service and revised ill-health provisions. The changes to contribution rates ensure that the employees make a fairer contribution towards the Scheme's viability and affordability. It now provides a fair and equitable package for all parties involved - members, employers and taxpayers.
