Welcome to Pension Pulse

March 2024

As we approach the end of the 2023-2024 financial year, we thought we’d pass on some tips and updates to make managing your pension scheme a little easier over the next 12 months. ​​​​​​​

Contents

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Checklist: actions you need to take

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Submit your March monthly data returns: remember to send yours by the end of April. For more information, click here
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Check backdated pay: if any of your employees are affected by backdated pay increases, please add the details to your monthly data return. For help and support, click here
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Don’t duplicate your leaver submissions: don’t forget, you no longer need to submit a leaver form for members with certain reasons for leaving (see here for further information), as the information will be picked up in your monthly return.
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Make APP adjustments: remember, any assumed pensionable pay (APP) must be adjusted if an employee is absent from work for a period that crosses 31 March for two consecutive years. This year it’s 6.7 per cent. To find out more, click here

Information for you

New contribution and APC rates

The new employee contribution rates that apply to the LGPS from 1 April 2024 are now on our website. You may also be interested in the latest APC figures, which are available in the latest LGA bulletin.

View contribution rates Link opens in a new window

Carer’s leave regulations

New Carer’s Leave regulations have been announced and will take effect from 6 April 2024. They entitle employees to take one week’s unpaid leave in a 12-month period to provide care for a dependant who meets certain criteria, without it affecting their pension. 

Find out more Link opens in a new window

Information for your employees

Pension increases revealed

The 2024 CARE (Career Average Revalued Earnings) revaluation rates for the Police, Firefighters’ and Local Government Pension Scheme (LGPS) have been confirmed.

Find out more Link opens in a new window

New employer toolkit comms

If you’re with the Local Government Pension Scheme, we’ve put together some new ready-made communications that you can access and pass on to your employees – this time about nominating a beneficiary. 

Find out more Link opens in a new window

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