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- Local Government Pension Scheme for England 2007-08
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Local Government Pension Scheme for England 2007-08
| Published | 15 October 2008 |
|---|---|
| Type(s) | Statistics |
| Site | Corporate |
| ISBN | 9781409806257 |
| Price | Free |
Summary
The latest Local Government Pension Scheme statistics produced by Communities and Local Government were released on Wednesday 15 October 2008.
The key points from the release are:
- Local Government Pension Scheme expenditure on benefits in 2007-08 was £5.2 billion, compared with £4.8 billion in 2006-07, an increase of 10 per cent.
- Income from employees' contributions to the Local Government Pension Scheme in 2007-08 was nearly £1.7 billion, an increase of 5 per cent on 2006-07. Income from employers' contributions to the scheme rose by 8 per cent to £5.0 billion in the same period.
- Income from investments rose by 5 per cent on 2006-07 to £3.2 billion.
- There were more than 1.6 million employees in the Local Government Pension Scheme at the end of March 2008, an increase of 1 per cent from March 2007.
- The number of former employees entitled to deferred benefits rose to over 1 million in 2007-08, an increase of 52 per cent over 2003-04. Over the same period the number of pensioners has increased by 7 per cent, such that the number of former employees entitled to deferred benefits now exceeds the number of pensioners.
The full statistical release and accompanying tables are available via the link below.
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Local Government Pension Scheme for England 2007-08 (external link)
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