CONSULT.Outcome publishedConsultation · gov.uk
Local government pension scheme: changes to the local valuation cycle and management of employer risk
Consultation seeking views on policy proposals to amend the rules of the local government pension scheme in England and Wales.
Last fetched 03 May 2026 · gov.uk
Detail
The consultation covers the following areas:
- amendments to the local fund valuations from the current 3 year (triennial) to a 4-year (quadrennial) cycle
- a number of measures aimed at mitigating the risks of moving from a triennial to a quadrennial cycle
- proposals for flexibility on exit payments
- proposals for further policy changes to exit credits
- proposals for changes to the employers required to offer local government pension scheme membership
The proposals relate to the Scheme in England and Wales.
Documents
Local government pension scheme: changes to the local valuation cycle and management of employer riskapplication/pdfPartial government response: reform of exit creditsapplication/pdfPartial government response: review of employer contributions and flexibility on exit payments application/pdfGuidance on preparing and maintaining policies on review of employer contributions, employer exit payments and deferred debt agreements