Pension increases and contributions

All public service pensions will increase by 3% for pensions paid before April 2017, there is a graduated taper for those who retired during the year. The increase is effective from 9 April 2018.

For contributing members, pension pots under the CARE schemes will also increase by 3% for service in the current financial year.

These increases are applied across all public service schemes as a consequence of the Public Sector Pensions Act. Further details can be found in this SLGPS circular.
https://tinyurl.com/ybpnql67

The SPPA has also published new guidance on how contribution rates should be calculated in the Scottish Local Government Pension Scheme.
https://tinyurl.com/y869n3t9

The above circular also increases the SLGPS contribution bands as follows: