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Overview and legal status of West Yorkshire Pension Fund
West Yorkshire Pension Fund (WYPF) is part of the Local Government Pension Scheme (LGPS).
The LGPS is a statutory scheme and the benefits are paid under the provisions of the LGPS Regulations 1997, the LGPS (Transitional Provisions) Regulations 1997, and other applicable overriding legislation. The Government issues the pension scheme Regulations through the Communities and Local Government (formerly the Office of the Deputy Prime Minister). The Regulations have the force of law.
City of Bradford Metropolitan District Council is the administering authority for WYPF. Bradford Council’s administering authority responsibilities are met by WYPF’s in-house pensions administration and investment teams.
WYPF’s Pension Schemes Registry number is 10041078.
Contributing members are contracted out of the State Second Pension.
HM Revenue and Customs (HMRC) has granted the scheme ‘exempt approval’ for the purposes of the Income and Corporation Taxes Act 1988. The scheme became a Registered Pension Scheme under Part 4 of Chapter 2 of the Finance Act 2004 with effect from 6 April 2006.
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