Unlike most other public sector pension schemes, such as those catering for teachers, national health service, police and fire, the Local Government Pension Scheme (LGPS) has a fund that is invested by the relevant fund manager(s) to help cover the costs of the scheme payments. The investment strategy is changing from local investing to more regional investing, which will create much larger funds that are more likely to result in greater returns.

This fact sheet is designed to inform members of the LGPS of the main provisions of the scheme.