Dismissing the Centre for Policy Studies report on the local government pensions scheme (LGPS) published today (Sunday), UNISON head of pensions Glyn Jenkins said:
“UNISON fundamentally disagrees with the conclusions of this report. The LGPS is both safe and sustainable – being funded both by contributions from scheme members, employers and investment income.
“Scheme investments generate a significant portion of the income so the taxpayer is not paying the full increase in employer contributions. The report misses the fundamental point that if the cost of benefits increases, that increase is shared with scheme members.