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Employer contribution

What contributions does my employer pay?

Your employer pays in the balance of the cost of providing your benefits in the scheme after taking into account investment returns. Every three years, an independent actuary works out how much your employer should contribute to the scheme.

The amount varies, but the underlying assumption at the moment is that employees contribute approximately one third of the scheme's costs and employers contribute the rest.

If you leave the scheme and receive a refund you will only get your contributions refunded to you (after any tax adjustments). The contributions your employer has paid remain with the pension fund. 

Future scheme cost management

If the costs of the LGPS change beyond certain limits still to be agreed, the unions, employers and government will negotiate a way to meet those cost changes.